Jackson, WY

Fox Business

Federal Reserve Chair Jerome Powell signaled during a speech Friday at the Kansas City Fed's symposium in Jackson Hole, Wyoming, that interest rate cuts are on the way.

Fed’s Powell: ‘The time has come’ for interest rate cuts

Fed Chairman Jerome Powell said Friday that “the time has come for Fed policy to adjust”, suggesting interest rate cuts are finally on the horizon. The Fed’s dovish signal helped the Bitcoin (BTC) price to return above the $63,000 mark as the crypto market extended its recovery from the rout at the start of this month.

Bitcoin Retakes $63,000 As Fed Chair Jerome Says Interest Rate Cuts Are Coming Soon

The Federal Reserve is teetering on the brink of a critical decision—one that could either save the US economy from a looming recession or plunge it deeper into peril. The call for a supersized 50-basis point interest rate cut in September is growing louder, with financial heavyweight Nigel Green, CEO of deVere Group, leading the charge.

Fed must deliver 50-point rate cut in September to avert recession

Bitcoin rose 1.1% after Fed Chair Powell hinted at policy adjustment at Jackson Hole. Polymarket bets on a 50 basis point rate cut increased to $1.9 million following Powell's speech. Fed Chairman Jerome Powell’s speech at Jackson Hole today reinforced the expectations of an interest rate cut in September, as...

Bitcoin jumps as Powell signals Fed policy adjustment

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

A complaint filed by the U.S. Trustee overseeing the FTX bankruptcy outlines ten complaints against the estate’s plan, including overly broad legal protection of entities involved in the bankruptcy, the unequal treatment of smaller creditors, and the lack of a carve out for fees related to a data breach suffered by the estate.

U.S. Trustee objects to FTX plan, says creditors shouldn't pay for data breach

Georgia State

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Daily Coffee Press

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

Denver, CO

David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Melbourne, FL

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Akeena

A Burger King location in Melbourne, Florida, has been temporarily shut down for the third time following since 2023 after a recent state inspection that identified multiple health violations. This incident underscores ongoing concerns regarding the restaurant's adherence to health and safety standards.

A dead lizard, dead roaches, rodent droppings - Florida fast food restaurant closed again

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

America’s top central banker has unambiguously signaled that lower interest rates are finally on the horizon, marking a crucial milestone for the Federal Reserve’s historic — and, so far, successful — inflation fight.

‘The time has come’: The Fed just sent a crucial message about its next move

Blockchain Association, DeFi Education Fund warn that SEC’s consolidated audit trail poses privacy concerns. The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons. Happy Friday! Today, we look at Bitcoin spiking following the Fed Chair's comments, two crypto organizations pointing out...

The Daily: Bitcoin spikes following Fed Chair comments, crypto groups warn of privacy concerns, Kraken denied SEC case dismissal and more

Kansas State

CNBC’s Steve Liesman and Kansas City Fed President Jeffrey Schmid joins 'Squawk Box' to discuss state of the economy, health of the labor market, the Fed's inflation fight, rate path outlook, and more.

Kansas City Fed President Jeff Schmid: Probably want to act before inflation reaches 2% target

The Current GA

A state Supreme Court’s decision reversing a lower court’s ruling that a private contractor was exempt from the Georgia Open Records Act is being hailed as a win for open government.

State Supreme Court rules Open Records Act applies to private contractors working for governments

Reuters

JACKSON HOLE, Wyoming (Reuters) - The Federal Reserve's credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to be earned afresh with interest rate hikes that backed up policymakers' verbal promises to restore price stability, according to new research presented at the Kansas City Fed's annual research conference in Jackson Hole, Wyoming.

Fed's actions spoke louder than words in inflation fight, research shows

Texas State

Missouri State

CJ Coombs

When I learned the brown tarantula is also native to Missouri, I gasped, and when I say I'm not too fond of spiders of any genus is an understatement. It's psychological. They have too many legs.

It's mating season for the Texas brown tarantula also known as the Missouri tarantula

"They moved strongly enough and vigorously enough to keep expectations anchored," the former Treasury Secretary said.

The Fed has redeemed itself after an 'egregious' post-COVID inflation error, former Treasury Secretary Larry Summers says

The S&P 500 Index ($SPX) (SPY) Friday closed up +1.15%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.18%. US stocks rallied Friday, with the Dow Jones Industrials posting a 3-week high. Comments from Fed Chair Powell Friday knocked...

Stocks Close Higher as Fed Chair Powell Signals Rate Cuts

The FOMC minutes for the July 30-31 meeting revealed that a vast majority of Fed officials agreed to an interest rate cut in September. Bitcoin briefly reclaimed $61K following the news, as Open Interest surged by nearly $2 billion. The Federal Open Market Committee (FOMC) released its highly-anticipated minutes for...

Bitcoin briefly crosses $61K amidst FOMC’s September rate cut hype

NewsBreak

Bitcoin spikes up as Fed says 'time for policy adjustment' at Jackson Hole

The bitcoin price broke above the $61,000 mark after Fed Chair Jerome Powell’s dovish announcement at the Jackson Hole symposium. U.S. equities saw gains in early...

Bitcoin spikes up as Fed says 'time for policy adjustment' at Jackson Hole

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