- ‘Dancing With The Stars’ Judge Len Goodman’s Cause Of Death Revealed Deadline
- Len Goodman’s Death Certificate Reveals the ‘Dancing With the Stars’ Judge Died From Metastatic Prostate Cancer Yahoo Entertainment
- ‘DWTS’ judge Len Goodman’s cause of death revealed Page Six
- UPDATE: Len Goodman Cause Of Death Revealed — Former ‘Strictly Come Dancing’ & ‘Dancing With The Stars’ Judge Died In April Aged 78 Deadline
- Len Goodman’s Cause of Death Revealed — ‘DWTS’ Judge Died Days Before Birthday Extra
- View Full Coverage on Google News
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‘Dancing With The Stars’ Judge Len Goodman’s Cause Of Death Revealed – Deadline
- ‘Dancing With The Stars’ Judge Len Goodman’s Cause Of Death Revealed Deadline
- ‘DWTS’ judge Len Goodman’s cause of death revealed Page Six
- Len Goodman cause of death: certificate reveals Strictly judge died after prostate cancer spread to his bones Daily Mail
- UPDATE: Len Goodman Cause Of Death Revealed — Former ‘Strictly Come Dancing’ & ‘Dancing With The Stars’ Judge Died In April Aged 78 Deadline
- Strictly’s Len Goodman’s cause of death revealed after tragic death at 78 OK! magazine
- View Full Coverage on Google News
‘Dancing With the Stars’: Len Goodman Leaving After Season 31 as Judge
Len Goodman‘s seat at the Dancing With the Stars dais will be occupied by someone new in Season 32.
Goodman, who has been part of the reality competition series since its inception, announced during Monday’s semifinals that he will step down after the current 31st cycle.
“I’ve been with the show since it started in 2005, and it has been a huge pleasure to be a part of such a wonderful show,” Goodman shared to a standing ovation from the studio audience. “But I’ve decided I’d like to spend more time with my grandchildren and family back in Britain. I cannot thank you enough, my Dancing With the Stars family. It’s been such a wonderful experience for me, and I’m looking forward so much to next week’s finale.” (Go here for a full recap of the semifinals, including the double elimination results.)
Goodman has served as Dancing‘s head judge since Season 1 and has participated in all but two seasons during the show’s 17-year run, having sat out Seasons 21 and 29. In addition to panel staples Carrie Ann Inaba and Bruno Tonioli, who have also been with Dancing since it began, Goodman has been joined at the dais by siblings and dance pros Julianne Hough and Derek Hough.
Dancing With the Stars‘ Season 31 finale will stream live on Monday, Nov. 21 at 8/7c on Disney+, where the show has been streaming for the first time this fall after relocating from longtime home ABC.
In a first, EU moves to cut money for Hungary over damaging democracy
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BRUSSELS, Sept 18 (Reuters) – The European Union executive recommended on Sunday suspending some 7.5 billion euros in funding for Hungary over corruption, the first such case in the 27-nation bloc under a new sanction meant to better protect the rule of law.
The EU introduced the new financial sanction two years ago precisely in response to what it says amounts to the undermining of democracy in Poland and Hungary, where Prime Minister Viktor Orban subdued courts, media, NGOs and academia, as well as restricting the rights of migrants, gays and women during more than a decade in power.
“It’s about breaches of the rule of law compromising the use and management of EU funds,” said EU Budget Commissioner Johannes Hahn. “We cannot conclude that the EU budget is sufficiently protected.”
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He highlighted systemic irregularities in Hungary’s public procurement laws, insufficient safeguards against conflicts of interest, weaknesses in effective prosecution and shortcomings in other anti-graft measures.
Hahn said the Commission was recommending the suspension of about a third of cohesion funds envisaged for Hungary from the bloc’s shared budget for 2021-27 worth a total of 1.1 trillion euros.
The 7.5 billion euros in question amounts to 5% of the country’s estimated 2022 GDP. EU countries now have up to three months to decide on the proposal.
Hahn said Hungary’s latest promise to address EU criticisms was a significant step in the right direction but must still be translated into new laws and practical actions before the bloc would be reassured.
CORRUPTION
Orban’s government proposed creating a new anti-graft agency in recent weeks as Budapest came under pressure to secure money for the ailing economy and forint, the worst-performing currency in the EU’s east.
Orban, who calls himself a “freedom fighter” against the world view of the liberal West, denies that Hungary – an ex-communist country of some 10 million people – is any more corrupt than others in the EU.
The Commission is already blocking some 6 billion euros in funds envisaged for Hungary in a separate COVID economic recovery stimulus over the same corruption concerns.
Reuters documented in 2018 how Orban channels EU development funds to his friends and family, a practice human rights organisations say has immensely enriched his inner circle and allowed the 59-year-old to entrench himself in power.
Hungary had irregularities in nearly 4% of EU funds spending in 2015-2019, according to the bloc’s anti-fraud body OLAF, by far the worst result among the 27 EU countries.
Orban has also rubbed many in the bloc the wrong way by cultivating continued close ties with President Vladimir Putin and threatening to deny EU unity needed to impose and preserve sanctions on Russia for waging war against Ukraine.
https://www.reuters.com/investigates/special-report/hungary-orban-balaton/
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Reporting by Gabriela Baczynska; editing by David Evans
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Hall of Fame QB Len Dawson, who led Kansas City Chiefs to Super Bowl IV win, dies at age 87
Len Dawson, who led the Kansas City Chiefs to victory in Super Bowl IV and was elected to the Pro Football Hall of Fame as both a player and broadcaster, has died at the age of 87, according to his family.
“With wife Linda at his side, it is with much sadness that we inform you of the passing of our beloved Len Dawson,” the family said in a statement to KMBC in Kansas City, where Lawson previously worked as a sports broadcaster. “He was a wonderful husband, father, brother and friend. Len was always grateful and many times overwhelmed by the countless bonds he made during his football and broadcast careers.
“He loved Kansas City and no matter where his travels took him, he could not wait to return home.”
Dawson, who had entered hospice care in Kansas City on Aug. 12, worked for the Chiefs for nearly a half-century: 14 years as a quarterback and 33 as a broadcast analyst.
He spent the first five years of his 19-season professional career as a sparingly used backup for the Pittsburgh Steelers and Cleveland Browns, but his career took off after he signed in 1962 to play for the AFL’s Dallas Texans (soon to be the Kansas City Chiefs) to play under Hank Stram, who had been an assistant at Purdue during Dawson’s stellar collegiate career.
The man Stram once called “the most accurate passer in pro football” immediately showed he was worthy of being a team’s No. 1 quarterback, leading the AFL in completion percentage (61.0) and earning 1962 Player of the Year honors while carrying the Texans to the league title.
After moving to Kansas City the next year, the team’s success continued under Dawson, who was a seven-time All-Star/Pro Bowler and twice was a first-team All-Pro.
In 1966, he took the Chiefs to another AFL title, which for the first time meant a trip to what would come to be known as the Super Bowl. Dawson played well (16-of-27, 211 yards), but the Chiefs were overmatched by Vince Lombardi’s Green Bay Packers in a 35-10 loss.
The Chiefs were back three seasons later to face the Minnesota Vikings in Super Bowl IV. Despite Joe Namath and the New York Jets upsetting the Baltimore Colts the previous year, the NFL was still seen as superior and the Vikings came in as a double-digit favorite.
But the Kansas City defense dominated and Dawson played a typically strong game (12-of-17, 142 yards), including a 46-yard touchdown pass to Otis Taylor in the third quarter that sealed the 23-7 victory.
Dawson was selected as the second-team quarterback, behind Namath, on the AFL’s all-time team in 1970.
He was elected to the Pro Football Hall of Fame as a player in 1987 and as a broadcaster in 2012, following a TV and radio career that began as a sports anchor on Kansas City TV in 1966 while he was still playing for the Chiefs, oftentimes going to KMBC after practice to broadcast that night’s sports report. Dawson went on to become an analyst for games on NBC as well as a longtime host of HBO’s “Inside the NFL.”
After a series of health issues that included prostate cancer and quadruple heart bypass surgery, Dawson retired from broadcasting in 2017 following 33 years as the Chiefs’ radio color analyst.
Dawson remained a beloved figure in Kansas City, even though he cut back on public appearances several years ago when his health began to fail him. But he always had time for fans, whether it be a photograph or signature, the latter often on an iconic black-and-white photo from halftime of that first Super Bowl: the exhausted quarterback, white uniform caked with mud, sitting on a folding chair with a cigarette in his mouth and a bottle of Fresca at his feet.
It perfectly captured a time and place. And it perfectly captured a man who embodied poise and self-assurance.
Dawson was born June 20, 1935, the ninth of 11 children who filled the house of James and Annie Dawson in the blue-collar manufacturing town of Alliance, Ohio. He was a three-sport athlete at Alliance High School, setting records in football and basketball, and turned his success on the gridiron into a scholarship offer from Purdue.
There, Dawson led the NCAA in passing efficiency as a sophomore while also playing defense and kicking, and he helped lead a memorable upset of Notre Dame during the 1954 season. By the end of his college career, Dawson had thrown for more than 3,000 yards despite playing in an era that favored ground-and-pound football, and was chosen by the Steelers in the first round of the 1957 draft.
He ultimately found success with the Chiefs, and when he hung up his helmet after the 1975 season, Dawson retired with 28,711 career passing yards and 239 touchdowns. All but 204 yards and two touchdowns came with the Chiefs franchise.
Dawson was married to his high school sweetheart, Jackie, from 1954 until her death in 1978, and together they had two children. His second wife, Linda, remained by his side even when Dawson was forced to enter hospice care.
The Associated Press contributed to this report.
Len Dawson, MVP of Chiefs’ first Super Bowl win, in hospice
KANSAS CITY, Mo. — Len Dawson, the 87-year-old Hall of Fame quarterback who led the Kansas City Chiefs to their first Super Bowl title, has entered hospice care in Kansas City.
KMBC-TV, the Kansas City station where Dawson began his broadcasting career in 1966, confirmed Dawson is in hospice care through his wife, Linda.
The MVP of the Chiefs’ 23-7 Super Bowl victory over Minnesota in January 1970, Dawson was elected to the Pro Football Hall of Fame in 1987 and received the Pete Rozelle Radio-Television Award in 2012.
From Alliance, Ohio, Dawson starred at Purdue and was selected fifth overall by Pittsburgh in the 1957 NFL draft. After seeing limited time in the NFL in three seasons with the Steelers and two with Cleveland, he joined the Dallas Texans in the American Football League in 1962, reuniting with former Purdue assistant coach Hank Stram.
Dawson moved with the team to Kansas City the following season and remained the Chiefs’ starting quarterback until retiring in 1975.
In addition to his work at KMBC where he was the station’s first sports anchor, Dawson was a game analyst for NBC and the Chiefs’ radio network and hosted HBO’s “Inside the NFL” show.
S&P 500, Nasdaq close up 4th straight week as optimism grows
NEW YORK, Aug 12 (Reuters) – Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market could be under way and spurred the S&P 500 and the Nasdaq to post their fourth straight week of gains.
The S&P 500 (.SPX) is up 17.7% from a mid-June low, with the latest gains coming from data this week showing a slower-than-expected rise in the consumer price index and a surprise drop in producer prices last month.
The S&P 500 crossed a closely watched technical level of 4,231 points, indicating the benchmark index has recouped half its losses since tumbling from the all-time peak in January. A 50% retracement for some signals a bull market. read more
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“It’s really just a number, but it certainly makes investors feel better – at least those who bought near the bottom,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
“I wouldn’t declare victory over this bear market yet. There’s likely some bad news still out there. But there’s a very good chance we’ve seen the bottom.”
The Dow Jones Industrial Average (.DJI) rose 424.38 points, or 1.27%, to 33,761.05, while the S&P 500 (.SPX) gained 72.88 points, or 1.73%, to 4,280.15 and the Nasdaq Composite (.IXIC) added 267.27 points, or 2.09%, to 13,047.19.
For the week, the S&P 500 added 3.25%, the Dow rose 2.92% and the Nasdaq gained 3.8%.
Volume on U.S. exchanges was 9.99 billion shares, compared with the 11.04 billion average for the full session over the last 20 trading days.
As the S&P 500 and Nasdaq posted their longest weekly winning streaks since November, analysts noted the Federal Reserve still has its work cut out as it seeks to tame inflation by aggressively raising interest rates without sparking a recession.
“Markets certainly got great news this week on inflation,” said Dec Mullarkey, managing director of investment strategy and asset allocation at SLC Management in Boston.
“A victory lap in some respects was in order, but it’s not ‘mission accomplished’ by any means. It’s still a very slow grind ahead.”
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar
Inflation by year-end might decelerate to 7% or a bit lower, but getting core inflation under 4%, which is double the Fed’s target, will be tougher than markets anticipate, Mullarkey said.
Traders are pricing in a less hawkish Fed, with fed fund futures showing a 55.5% chance of Fed policymakers raising rates by 50 basis points when they meet in September, instead of 75 basis points. FEDWATCH
It was a sea of green on Wall Street for a second straight day, with all 11 major S&P 500 sectors rising, along with semiconductors (.SOX), small caps (.RUT) and Dow transports (.DJT). Growth stocks (.IGX) rose 2.1%, while value (.IVX) advanced 1.4%.
Investors bought $7.1 billion in equities in the week to Wednesday, according to a Bank of America note, with U.S. growth stocks recording their largest weekly inflow since December last year. read more
Also driving optimism was data showing U.S. consumer sentiment ticked further up in August from a record low this summer and American households’ near-term outlook for inflation eased again on softening gasoline prices. read more
After a rough start to the year, better-than-expected second-quarter earnings from Corporate America have supported the upbeat sentiment for U.S. equities.
Analysts in aggregate believe the S&P 500 posted year-over-year earnings growth of 9.7% in the April to June period, much stronger than the 5.6% predicted at quarter-end, per Refinitiv.
Banks (.SPXBK) rose 1.4% to extend their rally for a sixth straight week.
GlobalFoundries Inc (GFS.O) jumped 11.9% on being added to BofA Global Research’s “U.S. 1 list.”
Advancing issues outnumbered declining ones on the NYSE by a 4.43-to-1 ratio; on Nasdaq, a 2.76-to-1 ratio favored advancers.
The S&P 500 posted five new 52-week highs and 29 new lows; the Nasdaq Composite recorded 78 new highs and 39 new lows.
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Reporting by Herbert Lash in New York
Additional reporting by Bansari Mayur Kamdar and Aniruddha Ghosh in Bengaluru; Editing by Arun Koyyur and Matthew Lewis
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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb
NEW YORK, Aug 10 (Reuters) – Wall Street surged on Wednesday, putting the Nasdaq more than 20% above its June low, after U.S. inflation slowed more than expected in July and raised hopes the Federal Reserve will become less aggressive on interest rates hikes.
A sharp drop in the cost of gasoline helped the U.S. Consumer Price Index stay flat last month after advancing 1.3% in June, the Labor Department said. The CPI rose by a less-than-expected 8.5% over the past 12 months after a 9.1% rise in June. read more
The rally came in the wake of the first notable sign of relief for Americans who have watched inflation steadily climb. The Nasdaq now is up 20.8% since bottoming but still needs to pass its prior peak in November to confirm a new bull market.
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Fed funds futures traders are now pricing in only a 43.5% chance that the U.S. central bank hikes rates by 75 basis points when it meets in September, compared with 68% before the data. A 50 basis point hike is seen as a 56.5% probability. read more
“For the market, it’s sort of a Goldilocks scenario right now because you have the labor market holding up and inflation potentially starting to come down. That is what a soft landing would look like,” said Shawn Snyder, head of investment strategy at Citi U.S. Wealth Management in New York.
But one month of slowing inflation is not enough for the Fed to send an all-clear signal, Snyder said.
The rally on Wall Street was broad-based, with all 11 S&P 500 sectors rising in a sea of green. Growth stocks (.IGX) rose more than value (.IVX), while Dow transports (.DJT), small caps (.RUT) and semiconductors (.SOX) also rose.
The Dow Jones Industrial Average (.DJI) rose 535.1 points, or 1.63%, to 33,309.51, while the S&P 500 (.SPX) gained 87.77 points, or 2.13%, to 4,210.24 and the Nasdaq Composite (.IXIC) added 360.88 points, or 2.89%, to 12,854.81.
It was the biggest single-day gain for both the Nasdaq and S&P 500 in two weeks, and for the Dow in three weeks. It was the highest close for the S&P 500 since early May.
“(Inflation at) 8.5% is still very high, but there is optimism that perhaps June was the peak,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab.
Producer prices data for July on Thursday along with August inflation and employment data for release next month could alter the course of the Fed again, Frederick said.
The Fed has hiked its policy rate by 225 basis points since March despite fears the sharp rise in borrowing costs could tip the U.S. economy into a recession.
The slowing of inflation was the first “positive” reading on price pressures since the Fed began tightening policy, Chicago Fed President Charles Evans said, even as he signaled he believes the Fed has plenty more work to do. read more
After a rough start to the year, the benchmark S&P 500 is up nearly 15% from mid-June lows, largely on expectations the Fed will be less hawkish than anticipated in its efforts to provide a soft landing for the economy as it fights to curb inflation.
But the S&P 500 is 12% below its all-time high in January, having been in a bear market since then.
The CBOE Volatility index (.VIX), Wall Street’s fear gauge, fell below the 20.00 level to close at more than a four-month low.
High-growth and megacap technology stocks, whose valuations are vulnerable to rising bond yields, rose as Treasury yields fell sharply across the board. Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) all rose more than 2% each.
Economy-sensitive banks (.SPXBK) advanced 2.7%, with Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) climbing about 3% each.
“Banks have underperformed and are now getting bid,” said Thomas Hayes, managing member of Great Hill Capital LLC, adding that investors are chasing the laggards that have not participated in the rally since June lows.
Tesla Inc (TSLA.O) rose 3.9% after Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker to finance a potential deal for Twitter Inc (TWTR.N) if he loses a legal battle with the social media platform. Twitter gained 3.7%. read more
Meta Platforms Inc (META.O) jumped 5.8% after the Facebook parent said on Tuesday it had raised $10 billion in its first-ever bond offering. read more
Volume on U.S. exchanges was 11.33 billion shares, compared with the 10.98 billion average for the full session over the past 20 trading days.
Advancing issues outnumbered declining ones on the NYSE by a 5.69-to-1 ratio; on Nasdaq, a 3.34-to-1 ratio favored advancers.
The S&P 500 posted five new 52-week highs and 29 new lows; the Nasdaq Composite recorded 64 new highs and 54 new lows.
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Reporting by Herbert Lash; Additional reporting by Bansari Mayur Kamdar, Aniruddha Ghosh, Sruthi Shankar, Medha Singh and Karina D’Souza in Bengaluru; Editing by Anil D’Silva, Shounak Dasgupta and Lisa Shumaker
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Nasdaq drops as Netflix subscriber numbers weigh on tech
April 20 (Reuters) – The tech-heavy Nasdaq dropped on Wednesday as Netflix’s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues.
By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter & Gamble (PG.N) and IT firm IBM Corp (IBM.N). The duo rose 2.7 and 7.1% respectively. read more
Netflix Inc (NFLX.O) plunged 35.1%, its largest one-day fall in over a decade, after it blamed inflation, the Ukraine war and fierce competition for the subscriber decline and predicted deeper losses ahead. read more
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The ripple effects were felt both by financial technology names and companies whose fortunes were seen to have been boosted by pandemic trends such as lockdown measures.
Streaming peers Walt Disney (DIS.N), Roku (ROKU.O) and Warner Bros Discovery (WBD.O)all dropped more than 5.5%, while stay-at-home darlings Zoom Video Communications (ZM.O), Doordash (DASH.N) and Peloton Interactive (PTON.O)saw their shares fall between 6% and 11.3%.
Suffering financials included PayPal Holdings Inc (PYPL.O) and Block Inc (SQ.N), which both fell more than 8.5%. Marqeta Inc (MQ.O) and SoFi Technologies Inc (SOFI.O) declined 5.6% and 6.2% respectively.
“Once profits move so far, it becomes harder to get that next little bit of growth, and it’s harder to obtain it in the late cycle,” said Jason Pride, chief investment officer of private wealth at Glenmede.
“I think the market is beginning to comprehend that, and will need to comprehend that as we go through the year.”
Market-leading technology and growth stocks have struggled this year as investors worry that rising interest rates will dent their future earnings. The Nasdaq is down nearly 14% so far this year, while the benchmark S&P 500 is down 6.4%.
Overall, the earnings season has started on a strong note. Of the 60 companies in the S&P 500 index that have reported results so far, 80% exceeded profit expectations, as per Refinitiv data. Typically, 66% beat estimates.
The Dow Jones Industrial Average (.DJI) rose 249.59 points, or 0.71%, to 35,160.79, the S&P 500 (.SPX) lost 2.76 points, or 0.06%, to 4,459.45 and the Nasdaq Composite (.IXIC) dropped 166.59 points, or 1.22%, to 13,453.07.
The communication services sector (.SPLRCL) declined 4.1%, although eight of the 11 major S&P 500 sectors gained, led by the real estate index (.SPLRCR)which posted its best finish since Jan. 4. The consumer staples benchmark (.SPLRCS) was just behind it, climbing to a second-straight record close.
Meanwhile, the latest data points on the Federal Reserve’s monetary policy tightening plans were released in the afternoon.
Its “Beige Book” showed the U.S. economy expanded at a moderate pace from February through early April, while San Francisco Federal Reserve President Mary Daly said she believes the case for a half-percentage-point interest rate hike next month is “complete”. read more
The yield on 10-year Treasury note receded to 2.85% after a blistering rally that pushed it close to the key 3% level earlier in the session.
Tesla Inc (TSLA.O) fell 5%, but was trading higher after posting record deliveries and higher revenue in its first-quarter results after the close. read more
Investors had been concerned about the electric automaker’s ability to meet its ambitious 2022 delivery target after its biggest factory in Shanghai was shut as part of the city’s COVID-19 lockdown.
United Airlines Holdings Inc (UAL.O) gained 1.2%, helping the S&P 1500 Airlines index (.SPCOMAIR) to a sixth advance in the past seven sessions. United’s shares dipped marginally after it reported earnings after the closing bell. read more
The volume on U.S. exchanges was 10.85 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days.
The S&P 500 posted 70 new 52-week highs and three new lows; the Nasdaq Composite recorded 88 new highs and 164 new lows.
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Reporting by Bansari Mayur Kamdar, Sruthi Shankar and Amruta Khandekar in Bengaluru and David French in New York; Editing by Marguerita Choy and Aditya Soni
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Fed sees three interest rate hikes in 2022 as inflation fight begins
WASHINGTON, Dec 15 (Reuters) – The Federal Reserve, signaling its inflation target has been met, on Wednesday said it would end its pandemic-era bond purchases in March, paving the way for three quarter-percentage-point interest rate increases by the end of 2022 as it exits from policies enacted at the start of the health crisis.
In new economic projections released following the end of a two-day policy meeting, officials forecast that inflation would run at 2.6% next year, compared to the 2.2% projected as of September, and the unemployment rate would fall to 3.5%.
As a result, officials at the median projected the Fed’s benchmark overnight interest rate would need to rise from its current near-zero level to 0.90% by the end of 2022, with continued increases in 2023 to 1.6% and in 2024 to 2.1% required to pull inflation back to the central bank’s 2% target.
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Eventual rate hikes, the Fed said, would now hinge solely on the path of the job market.
“With inflation having exceeded 2 percent for some time, the Committee expects it will be appropriate to maintain” the current near-zero interest rates until labor markets have returned to full employment, the Fed said in a statement that began to pin down more thoroughly the central bank’s “normalization” of monetary policy following nearly two years of extraordinary efforts to nurse the economy through the fallout of the pandemic.
That is still underway, with the new Omicron coronavirus variant adding to uncertainty about the course of the economy.
But the Fed, at this point, said economic growth is expected to be 4.0% next year, an increase over the 3.8% projected in September.
Fed Chair Jerome Powell is scheduled to hold a news conference at 2:30 p.m. EST (1930 GMT) to elaborate on the new policy statement and answer questions about the central bank’s economic outlook.
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Reporting by Howard Schneider
Editing by Paul Simao
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