- Story Log
User | Time | Action Performed |
---|---|---|
-
Super Bowl 2024 to see record-breaking $23.1 billion gambling explosion
Everyone wants a piece of the action when the Super Bowl comes to town, but this year’s edition in Las Vegas has a different feel when it comes to the big game. Approximately 68 million Americans — about one in four — will wager on Super Bowl 2024, a 35 percent increase compared to last year, according to projections by the American Gaming Association. It’s estimated that $23.1 billion worth of bets will be placed for Chiefs vs. 49ers, but only $1.5 billion will be wagered through legal gambling, per the report. Gambling research firm Eilers & Krejcik Gaming also projected $1.25 billion coming via legal ... (full story)
- Comments
- Subscribe
-
- Older Stories
post: ? FED'S MESTER SAYS EXPECT FED TO GAIN CONFIDENCE TO CUT “LATER THIS YEAR" post: FED’S MESTER: WHEN THE FED CUTS RATES, IT WILL LIKELY BE AT A GRADUAL PACE. post: FED’S MESTER: THE FED CAN LOWER RATES LATER THIS YEAR IF THE ECONOMY PERFORMS AS EXPECTED. post: ? MESTER: IF INFLATION DOESN’T FALL FED CAN MAINTAIN CURRENT POLICYMester: Views on the Economy and Monetary Policy: In a Good Place and Ensuring We Reach an Even Better One I thank Michael Adelman, CEO of the Ohio Bankers League, for the opportunity to speak at this year’s Economic Summit. Of course, the views I present today will be my own and not necessarily those of the Federal Reserve System or of my colleagues on the Federal Open Market Committee. The last time I spoke at an OBL event was in September 2021. At that time, a strong economic recovery was underway, but it was an uneven one and there were still many challenges and risks, including the Delta variant of the coronavirus, which was emerging. People were starting to return to the workforce but only slowly. The number of payroll jobs and the labor force participation rate were still well below where they were prior to the pandemic, and the unemployment rate, while down from its peak of nearly 15 percent early in the pandemic, was still near 5 percent. Inflation had moved up to over 4 percent. It was expected to rise further and remain elevated until supply constraints and pent-up demand eased, which would take some time. Monetary policy had not yet begun to tighten. The economy and monetary policy have certainly been on quite a journey since then. Characterizing both today, I would say that the economy and monetary policy are in a good place. Inflation is still above our goal of 2 percent, but it has moved down considerably from its high level in 2022 and labor markets and economic growth remain strong. The FOMC’s job now is to ensure that the economy reaches an even better place by calibrating monetary policy to achieve our dual mandate goals of price stability and maximum employment. In order to do that calibration, we will need to continue to monitor and assess incoming economic and financial information and its implications not only for the baseline forecast but also for the risks around that forecast. Risk management will take center stage.
This report contains information on the Bank of England’s Asset Purchase Facility (APF) for 2023 Q4, describing operations from 1 October 2023 to 31 December 2023. It also ...
US Treasury Secretary Yellen is on a wires saying: • US budget does not need to be balanced to be on a fiscally sustainable path • Critical to reduce deficits to stay on fiscally ...
-
- Newer Stories
post: QATAR PM: QATAR RECEIVED REPLY FROM HAMAS ON THE FRAMEWORK DEAL post: QATAR PM: HAMAS RESPONSE TO FRAMEWORK DEAL MAKES QATAR "OPTIMISTIC" post: QATAR PM: COULDN'T GIVE DETAILS ON THE FRAMEWORK DEAL AMID THIS CRITICAL TIME
Good afternoon. It’s a great pleasure to be home and speaking before the Montreal Council on Foreign Relations. At first glance, my topic—monetary policy—may not seem suitably global. But central banks have been leading the global battle against inflation since the pandemic. And our shared resolve to restore price stability is being rewarded. Inflation has come down around the world. It has not been easy, and, in most countries, inflation is still too high. But inflation targets are now in sight, and the year ahead should bring further progress. In Canada, inflation peaked just above 8% in 2022—the highest inflation in a generation. By the end of 2023, it had declined to about 3½%. That is welcome progress in response to a forceful tightening of monetary policy. The Bank raised its policy interest rate 10 times in 17 months. That slowed demand, rebalanced the economy and is bringing inflation down. Monetary policy is working. That’s what I want to talk about today. Monetary policy works to control inflation—not perfectly, not quickly, and not without pain. But it works. History, including recent history, has shown us that. But history has also taught us that monetary policy cannot do everything. There are many economic forces—some good, some harmful—that affect inflation. Central bankers need to understand these forces. But we cannot address most of them directly. So I also want to discuss the limitations of monetary policy. Finally, I’ll say a few words on our monetary policy decision two weeks ago, and what we are looking for going forward.Monetary policy: It’s perfectly imperfect video The Bank of Canada began targeting an inflation rate of 2% in 1991. Since then, inflation has stayed at or near the target—despite several shocks to the economy. The bursting of the dot-com bubble in 2000, the terrorist attacks of September 11, 2001, the 2008–09 global financial crisis and the 2015 oil price shock all presented unique challenges for central bankers around the world. Monetary policy isn’t an exact science. With hindsight, we see that in some cases stimulus measures were withdrawn too quickly, or not quickly enough. Regardless, by raising and lowering policy interest rates, central banks pushed through these shocks, influenced demand and restored price stability. post: ? Bank of Canada Gov. Macklem: Housing Affordability "Significant Problem" in Canada ? BOC's Macklem: "Need to Avoid the Temptation" to Overload Rate Policy ? BOC's Macklem: Growth Expected to Remain Weak Until Mid-2024 ? BOC's Macklem: Path to 2% CPI "Likely to Be Slow,…
FNG has learned that Hungary based online prop trading firm True Forex Funds has ceased operating, at least temporarily, after MT4 / MT5 operator MetaQuotes terminated its trading ...
- Story Stats
- Posted: Feb 6, 2024 12:17pm
- Submitted by:Category: Entertainment NewsComments: 0 / Views: 4,791