Two more people were arrested in killing of this former football player

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Why this Fed official sees an interest rate hike as early as next year
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Why this Fed official sees an interest rate hike as early as next year

Image Source: CNBC

A Federal Reserve official says that the central bank could ultimately hike interest rates even sooner than 2023.

After the Federal Open Market Committee meeting earlier this week, it was announced that rates could jump twice in 2023, which was much earlier than anticipated. But the president of the St. Louis Federal Reserve, James Bullard, believes that this increase could occur as soon as next year.

“We’re expecting a good year, a good reopening. But this is a bigger year than we were expecting, more inflation than we were expecting,” Bullard said. “I think it’s natural that we’ve tilted a little bit more hawkish here to contain inflationary pressures.”

He continued: “Overall, it’s very good news. You love to have an economy growing as fast as this one, you love to have a labor market improving the way this one has improved.”

What does Bullard’s predictions mean for the larger economy?

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How you must prepare as the rules of money are quickly being rewritten

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Surveillance footage of an 82-year-old man being assaulted

Image Source: NYPD Crime Stoppers

A suspect violently robbed and assaulted an 82-year-old man in a New York City bodega, authorities say.

In a video of the incident, the suspect raises a fist at the elderly man, as if to punch him, before hitting him in the shoulder and pushing him. The man apparently took the victim’s cane.

He then fled the scene. He was ultimately arrested, an official said.

“Outstanding work today by NYPD (7th precinct) Neighborhood Coordination Officers — recognizing and apprehending the suspect wanted for the violent robbery of an 82-year-old man,” wrote the department commissioner, Dermot Shea, on Twitter.

The assault highlights yet another example of burgeoning crime in the city. According to data, the metro area has seen a 41% increase in murders between the years 2019 and 2020.

Most voters support upping the police presence in response.

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Fedrick Frost

Fedrick Frost

News Reporter for Morning Bullets, Writes on Politics, Economy, Business & More. Intrested in sharing news With Fredrick? Click Here

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