ReutersConfounding US economic, inflation data muddy Fed's rate path
The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and households pushed into default through a broad credit crackdown. Instead, the Fed is wrestling with an economy that has sloughed off tight monetary policy to such a degree that U.S. central bank officials are without a clear view of what to expect and divided over issues like productivity, the economy's underlying potential, and even whether the current policy interest rate is as restrictive as imagined when they called off further hikes. A recently updated Fed index of overall financial conditions showed there was virtually no impact on economic growth right now from the central bank's monetary policy or the broader credit conditions it is intended to influence.
USA TODAY SportsNFL draft order for all 257 picks: Who picks when for all 7 rounds of this year's draft
The NFL draft has arrived! Here's the complete list, round by round, of the draft order for this year's event in Detroit.
Local scores
PhiladelphiaPhillies15-10
CincinnatiReds14-10
Odds:TV: BSOHPHI-160O/U8- (Final)
- PhiladelphiaPhillies4
- CincinnatiReds7
- Series tied 1-1(Final OT)
(WC1) Los AngelesKings5
(2) EdmontonOilers4
