Tag Archives: underwhelmed

Wall Street at last got its long-awaited cut to the base rate yesterday with Fed chairman Jerome Powell confirming interest would reduce by 25bps. So this morning markets are celebrating, right? Wrong. The context of Powell’s cut didn’t come with the footnotes analysts would like to see. Ideally the Federal Open Market Committee (FOMC) cuts because they are on track …

STATE COLLEGE — Penn State scored first but not last on Saturday in a 46-11 win over Nevada. The Nittany Lions’ new pass catchers met expectations while the defense suffocated the visiting Wolf Pack for most of the 60 minutes of play at Beaver Stadium. What’s being said locally and nationally about the win? Frank Bodani of the York Daily …