Did the Federal Reserve whiff on raising rates?

first_imgAs the Major League Baseball season gets under way, the Federal Reserve has struck out twice with its last two rate moves, according to one economist who suggests if financial institutions raise their deposit rates the central bank will likely hold off on any further rate increases over next two years.Michael Moebs, economist and CEO at Moebs $ervices, contends the last two rate hikes were a mistake for the health of the economy, and believes at this point Fed rate reductions would be helpful. But Moebs also is predicting rates will hold fairly steady over the coming 12-24 months, and may even inch up.“If President Trump keeps putting pressure on Fed Chair (Jay) Powell there could be one or two decreases in 2019. It is obvious from the Moebs Interest Rate Study the Fed increased rates two times too much in 2018,” said Moebs. “Yet, if the Fed decreases rates it would be signaling it made a mistake. I do not think the Fed will admit it made a mistake.” ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Buoyant Joseph avoiding numbers game after match-winning spell

first_imgBRIDGETOWN, Barbados (CMC) – Fresh from his match-winning Man-of-the-Match performance, Alzarri Joseph, says he is not putting any limits on his fledgling career as he seeks to make full use of his potential.The 23-year-old pacer took four for 32 off 10 overs in a Man-of-the-Match performance as West Indies pulled off a comfortable five-wicket win over Ireland in the first One-Day International at Kensington Oval on Tuesday.Playing his 23rd ODI, the Antiguan recorded his best figures in the Caribbean and the second best of his career, behind the five for 56 he took at the Oval against England back in September, 2017. It was also the second time he took four-for at Kensington Oval – following his four for 76 against England three years ago.“I don’t want to set numbers on my career; I don’t want to set limits. What happens if you set targets and numbers and then you don’t reach them?” Joseph said.“My goal is to take as many wickets as I can, to win as many matches as I can for West Indies, to improve, to get better … to always better myself … to be the very best I can be.”He continued: “I’m feeling good about my performance today. I put in some really good work on the training ground and I worked really hard on the last tour of India so I got some reward today.“I’m not sure if I was back to top pace, or anything like that … that’s not my main focus at the moment. My main focus is consistency every time I bowl, to be on top of length and line.”Joseph entered the attack first-change after Ireland opted for first knock, and his first spell broke the back of the visitors’ batting.He was well supported by leg-spinner Hayden Walsh Jr, who took two wickets from his 10 overs, and had an economy rate of just three runs per over, in his first match for West Indies on home soil. Left to chase just 181 for victory, the Windies were carried by Evin Lewis who played a number of breathtaking shots in a sizzling run-a-ball 99 not out. He struck 13 boundaries and two leg-side sixes – both coming in one over for pacer Mark Adair.There was drama at the end as Lewis missed out on a six by mere inches, which would have taken him to his third ODI century.“I must say very well played to Evin, the way he went about the chase was great to see. We were all hoping that he got to the hundred,” Joseph noted.last_img read more


first_imgBOMB ESCAPE: Dunlewey woman Anne Marie Foyen (nee McClafferty) escaped injury in the Oslo bomb outrage. “We thought the huge bang was a crane falling,” she said.PEEPING MARK: Mark Cairns, of Town Parks, Convoy has been given 60 hours community service after being caught peeping through the window of a man in the town at 3.10 in the morning. Mr Cairns apologised and said he was ‘wild drunk’.SPEEDING CURBED: The number of people being caught speeding in the county has plummeted since the introduction of GoSpeed camera vans, says Superintendent Kevin Brennan. FIRE PROBE: Gardai are investigating a fire at a house in Long Lane, Letterkenny. A mattress was set on fire in the incident at the unoccupied property.TOP JOB: Letterkenny businessman David Mackey is to head ip a new insurance group Q2 being set up by Sean Quinn, the former owner of Quinn Insurance.FANAD FISH: Fanad Fish Processing company Hannigan Fish has applied to the county council to erect new premises for processing lobster, mussel and crab at Kindrum.HAPPY BIRTHDAY LIZZIE: Lizzie Maloney, from Ray, Manorcunningham celebrates her 100th birthday today – with a birthday bash at Archview Nursing Home at Bonagee. DONEGAL NEWS IN BRIEF…DONEGAL NEWS IN BRIEF was last modified: July 28th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Donegal news in brieflast_img read more