Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 11 JULY 2024

Logistically Speaking - Hot Sheet Week 28

Dunavant
Explore more from Dunavant

Federal Reserve Chair Jerome Powell indicated that while there are signs inflation is receding, he is not yet convinced that price gains are sustainably moving towards the central bank's 2% goal.

United StatesTransport
Dunavant
Dunavant

Jerome Powell Not Confident "Yet" on Inflation

Federal Reserve Chair Jerome Powell indicated that while there are signs inflation is receding, he is not yet convinced that price gains are sustainably moving towards the central bank's 2% goal. In his testimony before House lawmakers, Powell expressed moderate confidence in the recent progress but stressed the need for more consistent data to strengthen the Federal Reserve's confidence in achieving its target. He highlighted the balanced risks policymakers face in adjusting interest rates and emphasized the dual concerns of controlling inflation and addressing unemployment. Powell also refrained from signaling any specific timeline for interest rate cuts, noting the need for cautious action.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Supply Chain Market Update: Transpacific Ocean Holds Near Peak As Record Diesel And Record Rail Intermodal Define August

Freight markets are experiencing unprecedented divergence as transpacific ocean rates hold near peak levels while Asia-Europe lanes decline, trucking shifts from spot to contract dominance, and record diesel prices reset cost structures across all transportation modes. This comprehensive analysis examines how carrier capacity management, fuel cost pressures, and modal shifts are reshaping logistics economics heading into Q4 peak season.
United StatesTransport
AlixPartners Asia LLC
AlixPartners Asia LLC
Article

DOT Final Rule Narrows Airline Delay And Cancellation Reporting Obligation Under FAA Reauthorization Act Of 2024

The U.S. Department of Transportation has issued a final rule fundamentally restructuring how airlines report flight delays and cancellations, creating a new reporting category that removes ten specific events from the traditional "Air Carrier" category. This regulatory change, mandated by the FAA Reauthorization Act of 2024 and effective October 2026, will significantly impact how airline performance is measured and perceived by consumers, while reducing carriers' customer service obligations for certain
United StatesTransport
Crowell & Moring LLP
Crowell & Moring LLP
Article

FAA Ends Single-Pilot Exemptions For Certain Cessna Citation CE-500 Aircraft

The Federal Aviation Administration has announced a significant policy shift affecting Cessna Citation CE-500 series aircraft, ending decades of single-pilot exemptions due to safety concerns and widespread noncompliance. The agency's decision, backed by accident data showing twice the rate of incidents in single-pilot operations compared to two-pilot configurations, will impact owners, operators, pilots...
United StatesTransport
Greenberg Traurig
Greenberg Traurig
Article

The Freight Recession Is Over. Is Your Supply Chain Ready?

The trucking sector, responsible for moving nearly three-quarters of all goods in America, is experiencing a fundamental shift as freight capacity contracts due to carrier exits, fleet downsizing, and regulatory pressures. With spot market rates rising above contract rates for the first time since early 2022 and structural driver shortages expected to worsen, shippers who treat this as a temporary cyclical event may find themselves unprepared for sustained rate increases. Understanding the root causes of th
United StatesTransport
AlixPartners Asia LLC
AlixPartners Asia LLC