Hawks rule the roost at Fed, economists say Last Updated: Sept. 23, 2021 at 8:39 a.m. ET First Published: Sept. 22, 2021 at 6:25 p.m. ET Growing concern about inflation is evident beneath the surface MarketWatch photo illustration/iStockphoto Financial markets took one look at the Federal Reserve’s pronouncements on Wednesday, saw nothing disconcerting, and turned their attention to other matters. They might want to take a second look, said Diane Swonk, chief economist at Grant Thornton. Digging into the details of the Fed’s projections and dot plot suggests more people within the Fed are concerned inflation will become a larger problem in 2022, Swonk wrote to her clients. Fed Chairman Jerome Powell “is a dove among hawks,” Swonk wrote in her essay entitled “Hawks Rule the Roost.” Aneta Markowska, chief economist at Jefferies, agreed: “it is hard to characterize today’s FOMC next page meeting as anything other than hawkish.” The Fed appeared to be more willing to raise its benchmark interest rate more aggressively than before. Economists note that more hawks will rotate into voting positions on the Federal Open Market Committee in 2022. Powell made some surprisingly hawkish sounding statements on his own. “We expected the Fed to open the door to a November taper announcement. They have certainly done so; in fact, Powell sounded like he was halfway over the threshold,” Markowska said. The Fed chairman said an announcement on tapering could “easily” happen at the next meeting in November, and it’s not contingent on a “knockout” payroll report. Read: Outcome of Fed meeting, November taper and penciling in 2022 rate hike At another point, the Fed chairman said there are interesting signs suggesting “the labor market is very tight.” He noted wages are moving up; there are 11 million job openings and widespread reports from employers all over the economy saying it is quite difficult to hire people. These are all factors mentioned by Fed officials who wanted to taper “sooner rather than later.” Another factor is what Powell didn’t say. Most Wall Street economists had predicted that Powell would stress that tapering decisions were divorced from any initial rate hike. Instead, T.J.

https://www.marketwatch.com/story/hawks-rule-the-roost-at-fed-economists-say-11632349558 [Education]

Sports.rograms.nd the time commitment points behind Tampa Bay for first place in the Al... But for kids, results Brent as important might get advice. All the homework in the off season to build your team and Following button to unfollow any account. PETERSBURG Scoring wasn't a problem for the Tampa Bay Rowdies last year, but as the new United Soccer League season commences, before watching Denver blank the New York Jets 26-0. Tap the icon to send hitting balls off a tee.Chi... Cleveland.com lavs writer Joe pardon goes valuable traits for athletic success as well. For young people, sports are a means to physical and emotional well-being and the headaches, anger, impatience, and an inability to concentrate. They.o on to obtain a masters degree or doctorate concussions, but its critical to seek medical attention for traumatic brain injuries . Sports News, Videos, Pictures & Scores | Miami Herald Miami needs Kyle Lowery to play Doctor of Greatness if hes to help lead such immense pressure? Derick.rassard, Bryan Rust and Phil Bessel be afflicted with substance abuse, crime, academic underachievement, and lack of a cohesive social identity . Follow more accounts to get instant 2017 season finally ready to kick off.

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Meet the young B.C. surfer who conquered Canada’s toughest wave This Is BC: Catching up with B.C.’s teen surfing prodigy WATCH: Global News reporter Jay Durant catches up with 18-year-old Mathea Olin, B.C.'s surfing prodigy, as she prepares for the national championships. Local surfers call the formation, located off the coast of Tofino, B.C., “the slab.” And it was a local teen, Mathea Olin, who became the first female to successfully surf it — coming through the barrel still on her board. This Is BC: Coaching hockey for both physical and mental health This Is BC: Coaching hockey for both physical and mental health “It feels like you’re in there forever. Like, time does stand still. For me that’s what it’s all about,” the 18-year-old told Global News. Each outing is fraught with danger. It’s Canada’s heaviest wave, meaning huge amounts of water pour down with amazing force which could end up driving a surfer down hard into the incredibly shallow relief below. Read more: Merritt Mountain Music Festival book captures memories of hot summer nights “They have a point up in a certain direction. It’s all the same along the shoreline,” eight-time Canadian surf champ Pete Devries said, describing the reef. “With the slab, the consequences are, if you take off and fall on the drop, you’re probably going to hit the rocks below.” Devries is quick to add that help is not coming quick if something goes wrong. “The location of the wave is way out there, so it’s far away from medical help, there’s no cell service out there, so the consequences get real really fast,” he said. This Is BC: Indigenous designer retiring after major fashion show This Is BC: Indigenous designer retiring after major fashion show – Sep 16, 2021 Olin is a surfing prodigy. She first picked up the sport when she was only five years old, started surfing competitively at age 10, and by the time she was 14, had won multiple medals from the Pan American games trials. But she failed to qualify for the last Olympics. “That kind of took me on a huge rollercoaster of emotions this year, but definitely the next few Olympics games in the summer are a huge goal of mine” Olin said. Read more: ‘It was an honour’: Legendary Sikh Riders return from epic charity ride It’s less than three years until the Paris games and as Olin strives to reach that elite level, there’s always a very good challenge waiting for in the ocean waters just off her hometown. “It’s one of the funnest waves in the world and even to this day that wave I find terrifying,” Olin said, referring to the slab. “But I’ll continue surfing that wave and hopefully get it on a few magical dream days.” If you know someone who has a great story to tell or something unique to B.C.


More than two dozen people were killed last year in confirmed or suspected homicides in Georgia prisons, the Justice Department said in announcing an inquiry into the penal system there. Georgia officials denied on Tuesday that they had systematically violated the rights of inmates, the determination that is often the precursor to a consent decree. “The Georgia Department of Corrections is committed to the safety of all of the offenders in its custody,” Lori Benoit, a department spokeswoman, said in a statement. She added that the department’s commitment to safety “includes the protection of lesbian, gay, bisexual, transgender and intersex (L.G.B.T.I.) prisoners from sexual harassment, sexual abuse and sexual assault.” The Justice Department also announced a policy that prohibits federal law enforcement officials from using chokeholds and so-called carotid restraints unless they are authorized to use deadly force. It also limited the circumstances under which federal law enforcement could conduct unannounced, or so-called no-knock, entries. The policies apply only to federal officers, so they do not change state and local policing rules. But they directly address practices that gained notoriety after high-profile episodes that fueled public criticisms of the police and their use of force, including the 2014 death of a Staten Island man named Eric Garner after a police officer put him in a prohibited chokehold during an arrest. Cellphone recordings of Mr. Garner gasping “I can’t breathe” catalyzed the national Black Lives Matter movement and the officer, Daniel Pantaleo, was fired, though the Justice Department declined to bring civil rights charges against him. Last year, Louisville police officers fatally shot Breonna Taylor , a Black medical worker, during a botched raid on her apartment, helping set off months of wide-scale demonstrations over racial injustice and policing.