Outdoor World

Fed meets to weigh future rate hikes

Washington (CNN Business)Policy makers at the Federal Reserve are set to gather in Washington on Wednesday to discuss whether to cool off plans to hike rates faster. Fresh economic data since central bankers’ last meeting has increased the chances of the Fed sticking with its plans to raise rates in December, and continue on its path of hiking interest rates gradually in 2019. Employers added 250,000 jobs in October, easily surpassing expectations, and wages also grew a healthy 3.1% after years of American workers’ paychecks stagnating. But not everything is…

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Outdoor World

1 killed in avalanche at New Mexico ski resort

(CNN)One of the two skiers injured in an avalanche at the Taos Ski Valley in New Mexico has died, a hospital official said Friday. They were rescued by the resort’s patrol and bystanders after the snow collapsed and buried them, said Chris Stagg, the resort’s vice president for public affairs. The skiers were transported to area medical facilities, a company statement said. The skier died as a result of injuries sustained in the avalanche, the hospital official. He had been taken to nearby Holy Cross Medical Center in Taos and…

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Outdoor World

Markets bet Fed is done hiking rates — despite blockbuster jobs report

New York (CNN Business)Wall Street is betting that a looming slowdown in economic growth will prevent the Federal Reserve from raising interest rates this year. It’s more evidence of how investors and economists (especially ones at the Fed) seem to be speaking different languages. 44% chance of rate cut The odds of at least one rate hike by January 2020 stood at nearly 70% a month ago, according to the CME FedWatch Tool, which measures probabilities based on futures contracts. But fears of a severe slowdown — or even recession…

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