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Study finds small businesses strapped for cash
A recent report that most small businesses are pressed for cash comes as no surprise to Jan Pisanczyn, director of the SUNY Brockport Small Business Development Center. “Most small-business owners, like most of us, are not financial wizards so they don’t really pay attention to what the meter is telling them,” Pisanczyn said. “They are […]
Subpar data slow Fed’s march to interest-rate increase
Each week Fed leaders take to the luncheon circuit to speak in favor of higher interest rates. Each time they seem ready to raise rates something gets in the way. If it is not China, it is Brexit, or it is employment data. The one time the Fed did raise rates, the market corrected sharply. […]
Yellen signals growing likelihood of Dec. rate hike
WASHINGTON — Federal Reserve Chair Janet Yellen told Congress on Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks that undermine confidence. Yellen said that even after the first rate hike, the Fed expects […]
Yellen: Research needed on policy tools
WASHINGTON — Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis. She said Thursday that the post-crisis period offers policymakers an opportunity to assess the effectiveness of the tools and better understand the impact […]
Yellen: December rate hike a ‘live possibility’
WASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday that an interest rate hike in December would be a “live possibility” if the economy stays on track. Yellen described the U.S. economy as “performing well” right now, with solid growth in domestic spending. At their meeting last week, policymakers believed that the threat of global […]
Fed keeps rate at record low, for now
WASHINGTON — The Federal Reserve is keeping its key short-term interest rate at a record low in the face of threats from a weak global economy and excessively low inflation. But it suggested the possibility of a rate hike in December. A statement the Fed issued Wednesday said it would seek to determine “whether it […]
As Fed meets, decision on rate hike seems like toss-up
Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don’t. Financial markets have been zigzagging with anxiety as investors have tried to divine whether the […]
Fed edges toward its first rate hike since 2006
WASHINGTON — The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September. When it meets this week, though, don’t expect any timetable for a rate hike to be spelled out in a post-meeting statement. For now, the Fed wants to keep its options open. […]
Commentary: Federal Reserve prolongs wait for interest rate hike
The Federal Reserve decided at its June meeting not to raise interest rates. The vote was 10-0, with all but two members of the 17 full board expecting a rate rise by the end of the year. Four who previously wanted two rate increases this year now favor one rate increase. It is believed that […]
Fed leaves key rate at record low
WASHINGTON — The U.S. economy has strengthened since a slump early this year, the Federal Reserve said Wednesday, but it wants to see further gains in the job market and higher inflation before raising interest rates from record lows. The Fed gave no timetable for a rate hike but said it expects the economy’s gains […]
With economy uncertain, no Fed rate hike is seen before fall
WASHINGTON — For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it. Don’t look for it soon. That’s the view of most economists, who say a still-subpar economy and still-low inflation will keep […]
Fed minutes: Officials split widely on rate hike timing
WASHINGTON — Fed officials disagreed widely last month on when they might begin lifting interest rates from record lows. Minutes of the March 17-18 meeting released Wednesday reveal that several policymakers predicted a rate hike in June, while others concerned about low inflation didn’t think a rate hike would be warranted until later this year. […]
Case Digests
- Fourth Department – Bill of particulars: Harris v. Rome Memorial Hospital, et al.
- NYS Advisory Committee on Judicial Ethics – Accusations against co-judge: Opinion 22-148
- Fourth Department – Medicaid: Washington Center for Rehabilitation and Nursing Home v. NYS Dept. of Health
- Fourth Department – Criminal possession of a firearm: People v. Wilson
- Fourth Department – Promoting prostitution: People v. Watts
- Second Circuit – Class certification: Arkansas Teachers Retirement System V. Goldman Sachs Group Inc.
- Fourth Department – Show-up identification: People v. Waggoner
- Fourth Department – Association: Victory Village Tenants Assoc. v. Evergreen Communities, et al.
- Second Circuit – In personam jurisdiction: Kaplan v. Bank Saderat PLC
- Fourth Department – Labor Law: Verdugo v. Fox Building Group
- Fourth Department – Out-of-possession landlord: Truax v. M.D. Meyer’s Properties
- Fourth Department – Discovery: Sylvester v. Sanders
Law News
- Espinosa named general counsel at Greenlight Networks
- Barclay Damon hires attorney Matt Smith
- Rochester man sues Geneseo police, alleging false arrest, assault
- The Daily Record’s Power List for Intellectual Property 2023
- NY ethics panel says judges can join NRA
- Harter Secrest & Emery LLP names partner-in-charge of Buffalo office
- Banned professor sues SUNY Fredonia leaders
- Hochul signs law requiring unemployment insurance information from employers
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