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Tag: Jerome Powell

Who says walking is a boring exercise?
Fitness

Who says walking is a boring exercise?

Emily Pennington CNA/THE NEW YORK TIMES – At 76 years old, Judy Fog is one of the fittest people her daughter knows. Take, for instance, her VO2 max – a common fitness metric that measures how much oxygen one can absorb while exercising. “She has a VO2 max that’s not too far off from a Nordic skier, and they’re considered peak of the peak,” said a physiologist and physical trainer Robyn Fog-Wiltse. Her mother’s secret? Daily walks. Over the past couple years, the world has significantly changed its relationship to walking, with millions of people strolling their neighbourhood sidewalks or local trails hoping to boost their fitness, sense of community and mental health. Studies have shown that walking at least 30 minutes per day is enough to reap significant physical and emotional benefi...
Federal Reserve hikes interest rates for the fourth time this year
Business

Federal Reserve hikes interest rates for the fourth time this year

The Federal Reserve took an aggressive step on Wednesday to combat soaring inflation with the announcement of another larger than usual, three-quarters of a percentage point interest rate hike. The increase comes as central banking officials face a tough balancing act: bringing down rising prices amid growing concerns of an economic downturn.The latest increase brings the federal funds rate to between 2.25% and 2.50%, which is where it was at its most recent high in summer 2019 before the coronavirus pandemic. This marks the fourth interest rate hike of the year as consumer prices have risen at the fastest pace in more than 40 years. Five months ago, the federal funds rate was near zero percent. At its June meeting, the Federal Open Market Committee raised the federal funds rate...
Interest rate hike expected as Federal Reserve officials gather in Washington this week
Politics

Interest rate hike expected as Federal Reserve officials gather in Washington this week

Investors and economists are bracing for another interest rate hike this week as central bank officials gather in Washington for their July meeting. Their two-day gathering July 26 and 27 comes as the Federal Reserve works to combat soaring inflation that has left families across the country struggling to make ends meet. Economists expect Fed officials will raise the federal funds rate by 75 basis points – bringing the rate to between 2.25% and 2.50%, which is where it was at its most recent high in summer 2019 before the coronavirus pandemic. This will mark the fourth interest rate hike of the year as consumer prices have risen at the fastest pace in more than 40 years. Five months ago, the federal funds rate was near zero percent. At its June meeting, the Federal Open Market C...