Hints and tips:
...In September, when FOMC members and branch presidents last published forecasts, most saw the benchmark policy rate hitting 4.4 per cent by the end of the year before peaking at 4.6 per cent in 2023....
...and “lighting that branch on fire”....
...The Fed said it would not proceed without “clear support from the executive branch and from Congress, ideally in the form of a specific authorising law”....
...The FOMC and other regional branch presidents last month pencilled in three quarter-point increases in 2022, with three more in 2023 and another two in 2024....
...“The taper is a ‘mission accomplished’ moment,” said Brian Nick, chief investment strategist at Nuveen and a former staffer at the New York branch of the Fed....
...When the Kansas City branch of the Federal Reserve announced in May that its annual gathering of central bankers would be held as an in-person event against the dramatic backdrop of the Rocky Mountains,...
...In a close second was Quizteam Lagarde, representatives of a local software company branch, who also scored a bonus point for the best team name....
...He has the backing of several top officials, including the president of the Fed’s New York branch, John Williams....
...Its second-quarter loss of €1.26bn — its worst since that tied to rogue trader Jérôme Kerviel in 2008 — had heaped pressure on Mr Oudéa, the longest-serving boss of any large European bank....
...Fed chair Jerome Powell has signalled a change in stance on daylight overdrafts. But unless the Fed actually follows through in the coming weeks, expect more spikes at the close of 2019....
...The central bank’s New York branch offered $75bn of overnight funds on Friday, after an unusual jump in borrowing costs earlier this week caused it to intervene in the short-term money markets for the first...
...Mr Vial is better known in his native France for his role as a pharmaceutical lobbyist, who came to prominence as a friend of Socialist budget minister Jérôme Cahuzac....
...Such a root-and-branch upheaval in the Fed’s key personnel is unprecedented in its history....
...He has been replaced with immediate effect by Mr Oudéa, who has run the bank since 2008 when he took over in the wake of the Jérome Kerviel rogue trading scandal....
...While the Fed has arguably hit or even exceeded one branch of its dual mandate — full employment — the story on the inflation front is very different....
...New York Fed’s helm during the financial crisis in January 2009, is planning the mid-2018 retirement to “ensure that a successor is in place well before the end of his term” in January 2019, the regional branch...
...In November, and as part of its strategic plan, SocGen said it would close 15 per cent of its branch network and cut up to 900 jobs in France by 2020 as the bank looks to cut costs and accelerate its move...
...SocGen also confirmed on Thursday that French tax authorities are attempting to claw back a €2.2bn tax benefit the bank received in relation to losses made by “rogue trader” Jérôme Kerviel....
...Jerome Grivet, the group’s chief financial officer, said revenue at LCL for the year should now be “more or less stable”....
..., to branch out into toy vending, to branch back into the relative normalcy of an acting career, starting with the Actors Studio....
...The case of Jérôme Cahuzac, the former French budget minister who went to on trial for tax fraud in Paris last month, illustrates the pattern....
...Meanwhile, École Jeannine Manuel, an elite private day school in Paris, now has a branch in central London....
...Gold drapery flung over a branch in “Diana and Callisto” and a crimson curtain swaying before Actaeon were added in last-minute painterly flourishes....
...This is the magic that restaurateurs Nigel Sutcliffe and Jerome Armit have woven together with chef Peter Weeden....
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