The Federal Reserve: Between a rock and a hard (market) place

Published on September 17, 2024

The Federal Reserve (Fed), and markets, overreacted to the slightly higher inflation seen during the first quarter of the year. After that scare, the Fed went from expecting three cuts in the federal funds rate in 2024 to just one cut during its June dot plot release.

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US Department of Labor obtains judgment to recover $550K in wages, damages for 614 shortchanged Las Vegas construction company workers

September 17, 2024
LAS VEGAS – The U.S. Department of Labor has obtained a consent judgment recovering $550,000 in back wages and liquidated damages to 614 employees from a Las Vegas construction company whose pay practices deprived the workers of their full wages.Entered in the U.S. District Court for the District of Nevada, the judgment follows an investigation by the department’s Wage and Hour Division that deter