2024-09-12

Francine weakens moving inland after hurricane winds cause power outages

Waves from Lake Pontchartrain crash against the seawall along Lakeshore Drive as Hurricane Francine was intensifying before its expected landfall on the U.S. Gulf Coast, in New Orleans, Louisiana, U.S. September 11, 2024.  Edmund Fountain | Reuters Francine weakened Thursday after striking Louisiana as a Category 2 hurricane that knocked out power to hundreds of thousands of homes and…

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2024-08-06

San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024.  Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year…

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