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first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Federal Reserve Vice Chairman Stanley Fischer sent the message that plans for an interest rate increase this year are still on, during the Kansas City Federal Reserve’s annual retreat in Jackson Hole, Wyo.Fed Chair Janet Yellen did not attend this year’s retreat.During a panel on inflation dynamics, Fischer said, “There is good reason to believe that inflation will move higher as the forces holding down inflation dissipate further.” Observers told Bloomberg they believe his comments leave the possibility of a rate increase this month open – when the Federal Open Market Committee meets in Washington on Sept. 16-17.NAFCU Chief Economist and Director of Research Curt Long said, “It seems clear that the Fed is eyeing 2015 for liftoff, but whether that is September or December remains unclear. To that end, the August employment report will be watched closely, but market behavior between now and mid-September is probably more important.” continue reading »last_img read more

first_imgRelatedPosts AC Milan coach brushes off Ibrahimovic’s angry reaction to substitution AC Milan produce another fightback to sink Parma AC Milan hit back with three goals in five minutes to floor Juventus Swedish police have stepped in to protect Zlatan Ibrahimovic’s statue from collapsing after fans attempted to saw off the feet as well as placing a rope around the neck.The Swedish star had the bronze sculpture erected in Malmo, where he begun his illustrious career, in a tribute to his impact on Swedish football. The statue had been commissioned by the Swedish FA and was unveiled in early October.But since investing in rival club last month, fans have turned on the hero they idolised for so many years.When news broke of Ibrahimovic’s involvement with Hammarby, a club in which he has purchased a 25 per cent share, Malmo fans have vandalised the statue in a bid to disassociate themselves with the 38-year-old.Malmo fans spray painted the statue before setting it on fire, and placing a toilet seat around one of the arms. Ibrahimovic’s residence in Stockholm was also targeted, with the word “Judas” painted on the property.And now fans have gone a step further in sharing their grievances with the Swede, with attempts made to saw off the statue’s feet, while putting a rope around the neck. Police have since put barriers up to protect against vandalism.The latest sequence of events leaves a sour taste in what was a strong relationship between Zlatan and the Malmo faithful. The striker broke onto the scene with the Swedish club, scoring 16 goals in 40 appearances before joining Ajax, where his career went from strength to strength.Tags: HammarbyZlatan Ibrahimoviclast_img read more

first_imgRobert Lewandowski’s memorable week continued as the Bayern Munich striker reached 100 Bundesliga goals quicker than any other foreign player.The Poland captain, 27, scored five goals in nine minutes in the midweek win against Wolfsburg and netted twice more against Mainz as title holders Bayern extended their 100% start to seven games.After Thomas Muller missed a first-half penalty, Lewandowski headed in his 100th German top-flight goal in his 168th appearance.The former Borussia Dortmund player, who arrived on a free transfer in the summer of 2014, rounded Mainz keeper Loris Karius to slot in the second.And Bayern’s perfect start continued when summer signing Kingsley Coman added a third, converting from close range after an incisive run from Douglas Costa.Lewandowski’s double took him to 10 goals for the season, making him only the second player after Bayern legend Gerd Muller to reach double figures after the opening seven Bundesliga matches. Victory means Pep Guardiola’s side are five points clear of second-placed Borussia Dortmund, who host newly-promoted Darmstadt on Sunday.–Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more