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  • Fed Holds Steady on Interest Rates

    first_img About Author: Phil Banker Despite rising “consumer sentiment” and confidence in the markets, the Federal Reserve announced no new interest rate hikes at the Wednesday meeting of the Federal Open Market Committee (FOMC).The FOMC kept the current benchmark overnight lending rate target at a range of 0.5 percent to 0.75 percent. The Fed raised the target a quarter of a point in December 2016, only the second hike in the past 10 years.Per a statement released on the Fed’s website, the Committee attributed the steady interest rates to a generally improving economy.“Information received since the FOMC met in December indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace,” the Committee said. “Job gains remained solid and the unemployment rate stayed near its recent low. Household spending has continued to rise moderately while business fixed investment has remained soft. Measures of consumer and business sentiment have improved of late.”Federal Reserve Chair Janet Yellen said recently that as the economy nears full employment, the Fed mustn’t be too slow with rate hikes.”Waiting too long to begin moving toward the neutral rate could risk a nasty surprise down the road – either too much inflation, financial instability, or both,” Yellen said in remarks prepared for delivery to the Commonwealth Club of California in San Francisco. “”In that scenario, we could be forced to raise interest rates rapidly, which in turn could push the economy into a new recession,” she said.The Fed went on to say they plan on supporting the growing job market.“The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation,” they said.The Fed indicated in December 2016, following the aforementioned rate hike, that three additional hikes are on the way this year.Danielle Hale, Managing Director of Housing Research with the National Association of Realtors, said today’s announcement was in line with their expectations.“We weren’t anticipating a change of rates today, but we anticipate they’ll be raising funds in the future,” Hale said. “We think mortgage rates will continue to move up gradually with that policy of normalization.” Fed Holds Steady on Interest Rates Related Articles The Best Markets For Residential Property Investors 2 days ago  Print This Post Tagged with: Fed Federal Reserve The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: McCalla Raymer Pierce and Hunt Leibert Jacobson Announce Merger Next: Blackstone’s Bet Pays Off With Invitation Homes IPO Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img February 1, 2017 1,070 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Fed Federal Reserve 2017-02-01 Phil Banker in Daily Dose, Featured, Government, Headlines, News Phil Banker began his career in journalism after graduating from the University of North Texas. He has covered a number of communities across Texas and southern Oklahoma, writing news and sports for publications including the Ardmoreite, Ennis Daily News and the Plano Star-Courier. He is currently a contributor to DS News and The MReport. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Fed Holds Steady on Interest Rates Demand Propels Home Prices Upward 2 days agolast_img read more

  • Multi-spectral and multi-instrument observation of TIDs following the Total Solar Eclipse of August 21, 2017

    first_imgWave‐like structures in the upper atmospheric nightglow brightness were observed on the night of 22 August 2017, approximately 8 hr following a total solar eclipse. These wave‐like perturbations are signatures of atmospheric gravity waves and associated traveling ionospheric disturbances (TIDs). Observations were made in the red line (OI 630.0 nm) and the green line (OI 557.7 nm) from Carbondale, IL, at 2–10 UTC on 22 August 2017. Based on wavelet analyses, the dominant time period in both the red and green lines was around 1.5 hr. Differential total electron content data obtained from Global Positioning System total electron content measurements at Carbondale, IL, and ionospheric parameters from digisonde measurements at Idaho National Laboratory and Millstone Hill showed a similar dominant time period. Based on these observations and their correlation with geomagnetic indices, the TIDs appear to be associated with geomagnetic disturbances. In addition, by modeling the ionosphere‐thermosphere system’s response to the eclipse, it was seen that while the eclipse enhanced the O/N2 ratio and electron density (Ne) at 250 km during our observation period, it did not affect the TIDs. Vertical (7 m/s) and meridional (616 m/s) phase velocities of the TIDs were estimated using cross‐correlation analysis between red and green line brightness profiles and spectral analysis of the differential total electron content keogram, respectively. This provides a method to characterize the three‐dimensional wave properties of TIDs.last_img read more

  • Protecting the heart with optimism

    first_imgOver the last few decades numerous studies have shown negative states, such as depression, anger, anxiety, and hostility, to be detrimental to cardiovascular health. Less is known about how positive psychological characteristics are related to heart health. In the first and largest systematic review on the topic, Harvard School of Public Health (HSPH) researchers found a connection between psychological well-being and a reduced risk of heart attacks, strokes, and other cardiovascular events.The study was published online April 17 in Psychological Bulletin.More than 2,200 Americans die of cardiovascular disease (CVD) each day, an average of one death every 39 seconds, according to the American Heart Association. Stroke accounts for about one of every 18 U.S. deaths.“The absence of the negative is not the same thing as the presence of the positive. We found that factors such as optimism, life satisfaction, and happiness are associated with reduced risk of CVD regardless of such factors as a person’s age, socioeconomic status, smoking status, or body weight,” said lead author Julia Boehm, research fellow in the Department of Society, Human Development, and Health at HSPH. “For example, the most optimistic individuals had an approximately 50 percent reduced risk of experiencing an initial cardiovascular event compared to their less optimistic peers,” she said.In a review of more than 200 studies published in two major scientific databases, Boehm and senior author Laura Kubzansky, associate professor of society, human development, and health at HSPH, found that there are psychological assets, such as optimism and positive emotion, that afford protection against cardiovascular disease. It also appears that these factors slow the progression of disease.To further understand how psychological well-being and CVD might be related, Boehm and Kubzansky investigated well-being’s association with cardiovascular-related health behaviors and biological markers. They found that individuals with a sense of well-being engaged in healthier behaviors such as exercising, eating a balanced diet, and getting sufficient sleep. In addition, greater well-being was related to better biological function, such as lower blood pressure, healthier lipid (blood fat) profiles, and normal body weight.“These findings suggest that an emphasis on bolstering psychological strengths rather than simply mitigating psychological deficits may improve cardiovascular health,” Kubzansky said.The study was supported by the Robert Wood Johnson Foundation’s Pioneer Portfolio through the grant “Exploring Concepts of Positive Health.”last_img read more

  • DMV Road Tests Back On Following COVID-19 Shutdown

    first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) WNY News Now Image.JAMESTOWN – Those looking to get their drivers licenses in New York State will now be able to schedule road tests following the COVID-19 shutdown.Chautauqua County Clerk Larry Barmore in a news release on Tuesday said starting today road tests are being scheduled in the county for CDL, class D and class M licenses.Barmore says the state is first giving preference to those who had a scheduled appointment canceled because of COVID-19.“Albany is contacting those persons at this time,” said Barmore. “The best way to schedule an appointment at this time is online at dmv.ny.gov. Once on the website click on Licenses, Permits and IDs. On the drop down box click on Learner’s Permits or CDL and scroll down until you see ‘Schedule a road test.’” The Clerk says on the day of the test residents must arrive with only their driver and no extra passengers.They are also required to wear a mask and be prepared to wipe down the passenger seat with disinfectant for the test monitor.On Monday, the county’s DMVs reopened to some in person services.last_img read more

  • Hermes GPE raises $1.6bn in private equity

    first_imgHermes GPE, a global private equity specialist, has raised $1.6bn (€1.4bn) in private equity, and has closed the latest iteration of its co-investment Club series, PEC IV, with more than $600m raised.The investment fund was launched just over a year ago with an initial target of $350m and an original hard cap of $450m. With investor support, Hermes GPE was able to substantially exceed these amounts, raising $603.5m from global pension funds, professional investors and asset managers including the BT Pension Scheme (BTPS), State Teachers Retirement System of Ohio, the Local Pensions Partnership, CPP Investment Board, Hostplus, Ardian, Korea Teachers Credit Union, SeAH Group of Korea and Decalia Asset Management. Hermes GPE also raised a further $100m for a co-investment sidecar mandate from an existing client at the same time, a statement revealed.Peter Gale, head of private equity at Hermes GPE, said: “The continued support of BTPS is a significant endorsement of our track record and investment strategy. Raising the latest iteration of our co-investment Club concept well above target, as well as expanding its geographical reach via the addition of new Korean investors, significantly strengthens our co-investment capabilities.”The Hermes GPE team have started investing a new private equity mandate from BTPS worth $900m, continuing a long-standing investment partnership. And additional $100m has been invested throguh PEC IV. This latest allocation from BTPS totalling $1bn will be invested over three years and split equally between co-investments and funds, the firm stated. Hermes GPE has a 19-year track record in private equity co-investments, investing more than $3bn in more than 200 global co-investments. PEC IV has already committed around $220m to 24 investments in growth-oriented companies and structural investment themes which the firm believe will demonstrate strong through-the-cycle performance, and continues to have a pipeline of similarly attractive deals.The firm’s investment strategy is guided by a thematic overlay, with a particular  focus on ‘people, planet, productivity’ isolating structural growth themes that are uncorrelated with the economic cycle, Gale said, adding that “this enables the creation of consistent and sustainable ‘alpha’ independent of market cycles.”last_img read more

  • Syracuse offers free admission to SU students for Wake Forest game

    first_imgAdmission to Saturday’s 12:30 p.m. Syracuse-Wake Forest football game will be free for students, the school announced in an email Thursday night.Students must show their SUID at Gate E of the Carrier Dome to receive a wristband for the student section. Doors open at 10 a.m.Syracuse has offered free tickets to students for games against Wagner and Maryland in 2013 and 2014, respectively.The attendance for SU’s (1-0) season opener against Rhode Island was 30,112, the lowest for a home opener since 1985.Syracuse beat Wake Forest (1-0) last year on the road 30-7 and holds a 3-1 all-time series lead against the Demon Deacons.AdvertisementThis is placeholder text Comments Published on September 11, 2015 at 11:22 am Contact Paul: [email protected] | @pschweds Facebook Twitter Google+last_img read more

  • Last gasp point snatches victory from Tipp footballers

    first_imgMichael Ryan’s side defeated Laois 1-31 to 0-17 in a challenge match. Their topsy-turvy clash with Limerick in Kilmallock finished 2-9 to 1-12.Tipp boss Liam Kearns says his players gave their all in difficult conditions…Meanwhile, Tipperary’s senior hurlers have recorded another victory as they continue their build-up to the start of the Allianz National League.last_img

  • Have no words to describe what Kevin De Bruyne has done with the ball vs Tottenham Hotspur: Pep Guardiola

    first_imgManchester City manager Pep Guardiola was left speechless when asked about the performance of midfielder Kevin De Bruyne against Tottenham Hotspur on Saturday.De Bruyne was at the heart of City’s atatck as the league leaders thrashed the North London side 4-1 at the Etihad. He scored the team’s second with blistering strike.This was City’s 16th straight league win and now they are on top of the table with 52 points from 18 games. Second-placed Manchester United, who play West Brom on Sunday are on 38 points from 17 games.Sweet sixteenWWWWWWWWWWWWWWWW#mancity pic.twitter.com/BhPK8TfhTE- Manchester City (@ManCity) December 16, 2017De Bruyne was a constant threat to Tottenham every time he had the ball, torturing Spurs with both his sweeping passes and his direct running at theirHe was brought down for the second-half penalty that was struck against the post by Gabriel Jesus and it was the Belgian’s burst forward that led to City’s third goal, which put the outcome beyond doubt.”His performance today, I have no words, no words to describe what he has done with the ball, how many assists, his (ability to) switch play,” said the Spanish manager.When Guardiola did find a way to describe the Belgian’s impact, it was to emphasise some of the midfielder’s work that might not be picked up in television highlights packages.”The fact that he is one of the most talented players and you see him, how he runs without the ball, he is a good example for the young players, for our academy.advertisement”They know how good Kevin De Bruyne is and they can see how he runs and fights without the ball and that is the best example. He helps us to be a better club, a better institution for the future, that is what we want to do,” said Guardiola.”All the time he watches the game in his head and then without the ball, he is able to make the pressure from 40 metres (out) to the goalkeeper. When that happens, the people behind him see it and say ‘if that guy runs like this, I have to run as well’.”HIGHLIGHTS #cityvspursRelive Saturday night’s epic win!BRIEF ?? https://t.co/PybLnRnisZEXTENDED ??https://t.co/sdWUj1flfu pic.twitter.com/jgVV3gvm6Z- Manchester City (@ManCity) December 17, 2017Amid talk of City perhaps going the whole season unbeaten, De Bruyne said they were focused purely on their main goal of winning the title.”No, absolutely not. We are here to win titles, we had a great start, it’s still more than half (of the season remaining) so it’s very difficult, very hard. We want to win each game, we’re doing a good job,” he said.”We know the quality of the team is high, we know this mentally, we want to win every game, we’re very busy and mentally we want to keep going. It was a great performance.”(Courtesy: Reuters)last_img read more