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US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile.

Published Fri, 22 Nov 2024 01:50:36 GMT

WASHINGTON — Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years.Now comes the hard part.Squeezing out the last bit of excess inflation and reducing it to the Federal Reserve’s 2% target rate is expected to be a much harder and slower grind.A measure called “core” inflation, which excludes volatile food and energy prices, is even higher than overall inflation. It, too, seems likely to slow only gradually. The Fed pays particular attention to core prices as a signal of where inflation might be headed. In June, core prices were up 4.1% from a year earlier, according to the Fed’s preferred gauge.“We see some challenges in getting that all the way back to 2% quickly,” said Michael Hanson, senior global economist at J.P. Morgan.The stickiness of inflation could endanger the possibility that the Fed will achieve a rare “soft landing” — a scenario in which it man...

What to expect at the Whitehall Sasquatch Festival

Published Fri, 22 Nov 2024 01:50:36 GMT

WHITEHALL, N.Y. (NEWS10) - Every year, a special festival gathers in the Washington County village of Whitehall. More than 2,000 people come to town for a chance to call and talk about the folklore favorite Sasquatch. This September, they'll do it again. Get the latest news, weather, sports and entertainment delivered right to your inbox! Whitehall's annual Sasquatch Festival & Calling Contest returns to town from 10 a.m. to 6 p.m. on Saturday, Sept. 30. The calling contest is split into kids and adult categories, with pre-registration open now. In addition to competing for the title of best Sasquatch caller, visitors can expect vendors, Sasquatch-centric authors, games, food, and a full beer garden.Speakers will lead talks all day on Sasquatch evidence, hoaxes, and more. The full schedule for the day includes:11:45 a.m.: Hoaxes with Steve Kulls12:30 p.m.: Hominoids & Handprints with Karac St. Laurent1:15 p.m.: Field Work with Mike Anne2 p.m.: Local Evidence with Paul Bart...

TSA shares guidelines for a smooth security screening process

Published Fri, 22 Nov 2024 01:50:36 GMT

ALBANY, N.Y. (NEWS10) -- Have you ever been stuck in a long line at a security checkpoint, wondering whether you'll make it to your gate on time? According to TSA officers, there are things you can do to help make the security screening process smoother. Get the latest news, weather, sports and entertainment delivered right to your inbox! The first thing travelers should do is use their full name when purchasing a ticket online. TSA officers warn not to use nicknames or a name that does not match the traveler's ID. Another thing travelers can do is enroll in TSA PreCheck®. Lanes tend to move quickly and travelers do not have to remove their shoes, belt, or light outerwear jacket.Travelers are advised to download the free myTSA app. The app will provide estimated waiting times at checkpoints, in addition to flight delays and when the TSA PreCheck lane is open.For a smoother experience at the security checkpoint, TSA officers recommend removing all items from your pockets and placin...

Scottish comedian Daniel Sloss to perform in Albany

Published Fri, 22 Nov 2024 01:50:36 GMT

ALBANY, N.Y. (NEWS10) -- Scottish comedian Daniel Sloss is coming to Albany. He is set to perform at the Palace Theatre on October 13 at 8 p.m. Get the latest news, weather, sports and entertainment delivered right to your inbox! The "Can't" Tour is Sloss' 12th solo comedy tour. He has toured around the world, has written a book, and has two Netflix specials called "DARK" and "Jigsaw."Tickets go on sale to the general public on Thursday, August 10 at 10 a.m. You can buy tickets on the Ticketmaster website.

Saugerties man arrested in Westerlo burglary investigation

Published Fri, 22 Nov 2024 01:50:36 GMT

WESTERLO, N.Y. (NEWS10) -- A Saugerties man was arrested on Wednesday on a warrant following a burglary investigation dating back to November 2022. Matthew Doyle, 40, is charged with third-degree burglary. Get the latest news, weather, sports and entertainment delivered right to your inbox! On November 13, 2022, around 9:56 a.m., troopers responded to a property on County Route 405 in Westerlo for a report of damage done to the property. Police say an investigation found Doyle had forcibly entered the unoccupied property, caused damage, and taken items from it. He was identified with the help of the New York State Police Forensic Investigation Center and the Saugerties Police Department. He was taken to Latham State Police from the Ulster County Correctional Facility where he was being held on an unrelated matter. He was arraigned at the Westerlo Town Court and then returned to the Ulster County Correctional Facility.

Man charged after child's gun death in Berkeley

Published Fri, 22 Nov 2024 01:50:36 GMT

BERKELEY, Mo. - A man faces criminal charges in connection with the death of a seven-year-old child fatally shot himself while allegedly playing with a gun Monday. Prosecutors have charged Walter Macon, 45, with one count of endangering the welfare of a child (leading to death) and armed criminal action. The St. Louis County Prosecuting Attorney's Office has identified his grandson, Darnell Macon, as the victim. A spokesperson for the Berkeley Police Department says the shooting happened around 10:20 a.m. Monday at the Mint Townhomes in the 6700 block of Larry Lane. Investigators believe the shooting was accidental. 5-year-old girl shot and killed in Belleville, Illinois According to court documents obtained by FOX 2, Macon was loading studio recording equipment into his truck and allowed his grandson to enter the car. The victim was left alone in the car for around five minutes. During that time, he made his way up to the front seat and found a loaded handgun between the driver's...

How Mark McGwire's hitting lessons helped a Cardinals closer to All-Star form

Published Fri, 22 Nov 2024 01:50:36 GMT

ST. LOUIS - Mark McGwire, once one of the most revered sluggers in all of baseball, helped many St. Louis Cardinals teammates with hitting as he chased home run history. But it's his work with one former All-Star pitcher that's recently caught attention. After he retired in 2001, McGwire acknowledged he used PEDs throughout his career, but he apologized and wanted to come clean with a second life in baseball. McGwire joined the St. Louis Cardinals' coaching staff from 2010-2012, developing relationships with players that eventually fostered a World Series Championship in 2011. The Cardinals averaged around five runs per game each season and improved in run production in each of their three years with McGwire coaching, so clearly something clicked. Anheuser-Busch selling 8 beer, beverage brands to cannabis company Earlier this week, former Cardinals flamethrower Trevor Rosenthal revealed that McGwire and fellow hitting coach John Mabry were instrumental in helping him convert from...

Mayor Mike Coffman contributes $10,000 to campaign to broaden the powers of Aurora mayor’s office

Published Fri, 22 Nov 2024 01:50:36 GMT

The campaign for a proposed ballot measure that would give more authority to the Aurora mayor’s office has heated up in recent weeks, and public records released Monday show Mayor Mike Coffman contributed $10,000 to the effort.The “Term Limits and Empowering the Mayor For A Better Aurora” campaign, initially only called “Term Limits for a Better Aurora,” submitted its first campaign finance report by the Monday night deadline, detailing contributions to the initiative. Coffman has not returned requests for comment, but he told The Denver Post in an interview in July that he didn’t want to reveal how much he’d donated to the campaign “because that gets into strategy.”Last week, Mayor Mike Coffman admitted to backing the initiative to change Aurora’s form of government after previously avoiding discussing his role in the “citizen-led” effort that opponents have claimed has been explained to voters in a disingenuou...

Peach cobbler as you’ve never seen it

Published Fri, 22 Nov 2024 01:50:36 GMT

Whether it’s a fancy apple tarte Tatin, a robust pineapple-ringed upside-down cake or a saucy flan, there’s something thrilling and suspenseful about turning your homemade dessert on its head.Any of these acrobatic dishes would taste fine served right-side up from the pan. But it’s that stunning reveal that adds a little drama and puts the fruit right on top, where it can shine.That’s the inspiration behind this upside-down peach cobbler.In traditional peach cobbler, you mix peaches with sugar and sometimes butter, hide them with rounds of biscuit dough, and bake. Spooned out of the baking dish and served in bowls, the cobbler’s modest simplicity is part of its charm. But, however delicious this might be, it doesn’t do much to show off the peaches.Throw in a gilding of caramel and an elegant flip, though, and you’ve got a confection to win oohs and aahs.Most of the effort of this recipe goes into simmering the caramel, which is what makes this truly special. Caramelizing sugar deepe...

China’s High-quality Economic Development Presents New Opportunities to China-Belgium Economic and Trade Cooperation

Published Fri, 22 Nov 2024 01:50:36 GMT

As it is halfway through year of 2023, the economy of China, the world’s second-largest economy and the engine of global growth, has attracted a lot of attention. Recently, the Political Bureau of the Central Committee of the Communist Party of China (CPC) held a meeting to assess the current economic situation and make arrangements for economic work in the second half of the year, including latest arrangements to resolutely promote high-quality economic development.Major economic data for H1 of 2023 show that China’s economy has continued to recover, with a generally upward momentum. China’s GDP grew by 5.5 per cent in H1, one of the fastest among major economies. Consumption recovery continued and final consumption expenditure drove economic growth by 4.2 percentage points, making a contribution of 77.2 percent. Investment continued to grow and total capital formation contributed 1.8 percentage points to economy growth. The tertiary industry continued to recover, and employment an...