New York Fed President William Dudley, in a speech this morning, said firmer import prices as well as the fading effect from a number of âtemporary, idiosyncraticâ factors will boost inflation over the next year or so and stabilize around Fedâs 2% target.
Senate Republican leaders face a tough path this week to reviving their bid to repeal the Obama era Affordable Care Act, after GOP Senator Susan Collins of Maine said she couldnât envision voting for the bill and Senator Rand Paul of Kentucky outlined tough demands for his support. Republican senators are making a last-ditch attempt to pass legislation striking much of Obamacare, ahead of a Saturday deadline under parliamentary rules that woudl need only GOP votes. On Friday, Republican Sen. John McCain of Arizona said he would vote no.
Japanese Prime Minister Shinzo Abe called a snap general election in a bid to consolidate power aduring the crisis with North Korea. Abe said heâll dissolve parliament on Thursday Sept. 28, but gave no date for the election.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
