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It’s a close call whether interest rates are high enough

Richmond Federal Reserve (Fed) President Tom Barkin said on Friday that it remains uncertain whether the current level of interest rates is sufficiently restrictive to bring inflation back to the Fed’s 2% target, according to an interview with The Wall Street Journal.Barkin also said he was unsure whether he would have joined the three Fed committee members who dissented in favor of a 25 basis-point rate increase at this week’s policy meeting. His comments come…

Business

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Nearly 200 cruise passengers rescued after ship runs aground

Police in Bulgaria evacuated nearly 200 passengers from a Viking cruise ship after the vessel ran aground due to “exceptionally low water levels” in the Danube River.  The Bulgaria News Agency reported that the ship became stranded early Tuesday about 15 miles upstream from Vidin, where it planned to stop to take…

Investing

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