[ad_1] WASHINGTON: According to a study of more than 10,000 kids in rural Pennsylvania, many kids were fed foods high in sugar and salt throughout their early years of life. Experts contend that exposing young infants to excessively sugary or salty foods can influence their taste preferences and, over time, develop bad eating habits.“Given that … Read more
[ad_1] WASHINGTON: A united US Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed, even as the vast bulk expected they would eventually need to tighten policy further, according to meeting minutes released on Wednesday.While “some participants” … Read more
[ad_1] FRANKFURT: The European Central Bank pressed ahead with another interest rate hike on Thursday and pledged more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the US Federal Reserve took a break from its own string of increases.The quarter-point rate boost, to 3.5 per … Read more
[ad_1] WASHINGTON: US retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that the economy was losing steam at the end of the first quarter because of higher interest rates.Ebbing demand for goods is undercutting production at factories, with other data on … Read more
[ad_1] NEW YORK: Stocks on Wall Street mostly slipped Wednesday following the latest signals that the US economy is slowing under the weight of much higher interest rates.The S&P 500 dipped 10.22 points, or 0.2%, to 4,090.38, a day after it broke a four-day winning streak. The Dow Jones Industrial Average rose 80.34, or 0.2%, … Read more
[ad_1] WASHINGTON: The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse.“SVB’s failure is a textbook case of mismanagement,” Michael … Read more
[ad_1] WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US closer to recession, Minneapolis Fed president Neel Kashkari said Sunday in comments to CBS show Face the Nation.“It definitely brings us closer,” Kashkari said. “What’s unclear for us is how much of these banking stresses are … Read more