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Fed likely on track to lower rates after bumpy period, says Goolsbee
Fed likely on track to lower rates after bumpy period, says Goolsbee

Reuters

time3 days ago

  • Business
  • Reuters

Fed likely on track to lower rates after bumpy period, says Goolsbee

June 2 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Monday he continues to think the U.S. central bank will be able to lower short-term borrowing costs after the "dirt in the air" of uncertainty from tariff policies gets cleared up. "If we can get past this bumpy period, the dual mandate looks pretty good," Goolsbee said in a webcast interview with the Quad Cities Regional Business Journal in Davenport, Iowa. The Fed's dual mandate refers to its two goals: full employment and price stability. Goolsbee said he continues to believe that if the economy remains in that state and tariffs don't turn out to be as aggressive as announced April 2, the Fed's policy rate will probably be a "fair bit" lower within the next 15 months.

June climate preview for the Quad Cities
June climate preview for the Quad Cities

Yahoo

time3 days ago

  • Climate
  • Yahoo

June climate preview for the Quad Cities

Well, we're already into the 6th month of the year! And that means meteorological summer is officially underway! That is defined as the months of June, July and August. We'll look at those climate stats later this week. For now though, here's a glance at the climate stats for June in the Quad Cities: The hottest it's ever been in June is 104° and that has happened on 5 separate dates. The coldest temps has occurred on 4 separate dates and that's 39°. So sometimes it is still a bit chilly at the beginning of the month. On average, June picks up a whopping 5.01″ of rain. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Heavy smoke visible for miles from Bettendorf blaze
Heavy smoke visible for miles from Bettendorf blaze

Yahoo

time5 days ago

  • Climate
  • Yahoo

Heavy smoke visible for miles from Bettendorf blaze

The Bettendorf Fire Department is responding to a structure fire at Wallace's Garden Center, 2605 Devils Glen Road, Bettendorf, according to a news release from the City of Bettendorf. Bettendorf crews are managing the blaze with the support of regional aid. The fire has been contained and there is no risk to the surrounding neighborhood, the release says. Our Quad Cities News crews are on the scene. A large cloud of black smoke was visible throughout the Quad Cities area Saturday afternoon after a fire broke out near Middle Road and Devils Glen Road in Bettendorf. It appears to be behind Wallace's Garden Center. Portions of Middle Road are blocked off and traffic detours are in place. This is a developing story, Our Quad Cities news has a crew on scene and will update you as more information becomes available. The city will provide another update soon, the release says. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Government Contracting Symposium to be held at Vibrant Arena, Moline
Government Contracting Symposium to be held at Vibrant Arena, Moline

Yahoo

time5 days ago

  • Business
  • Yahoo

Government Contracting Symposium to be held at Vibrant Arena, Moline

The Iowa-Illinois Chapter of the National Defense Industrial Association (NDIA) will host the 16th Annual Midwest Government Contracting Symposium on Tuesday, June 3 and Wednesday, June 4 at the Vibrant Arena in Moline, according to a news release. This year's event focuses on examining the recent current events throughout the world and how the Defense Department will sustain and grow the U.S. Industry Base, Supply Chain, and Mission Command. This year's symposium will give attendees insight into the latest information in governmentcontracting and Army Doctrine, as well as allow them to take advantage of the chance to interact with key government and industry experts. 'This symposium offers two, jam-packed days of valuable content you won't want to miss,' says President of the IA-IL NDIA Chapter Natalie Linville-Mass. To register, visit here. Within the Quad Cities region, there are thousands of individuals and businesses contracting with organizations on the Rock Island Arsenal. The Quad Cities is ranked as the third most industrially diverse area in the United States, making this event crucial to its attendees and sponsors. The symposium grants these groups the opportunity to gather once a year and work to advance the goals of The Defense Department in this area. About the Iowa/Illinois Chapter of National Defense Industrial Association (NDIA) The National Defense Industrial Association is America's leading Defense Industry Association promoting national security. It is a non-partisan, non-profit association headquartered in Arlington, Virginia. The Iowa Illinois Chapter was founded in 1945 as an arm of the national association. It provides geographic coverage for Iowa and the western 1/3 of Illinois, furthering the national objectives and policies. Its mission is to champion issues contributing to the strength, resiliency, and capacity of the industrial base; build a vigorous, responsive. and collaborative community in support of defense and national security; and convene legal and ethical forums for an exchange of ideas, information, viewpoints, and capabilities. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Stories to tell: Area students unveil the house they built in the QCA
Stories to tell: Area students unveil the house they built in the QCA

Yahoo

time6 days ago

  • General
  • Yahoo

Stories to tell: Area students unveil the house they built in the QCA

Step by step and inch by inch, career and technical education students in the QCA started from ground zero at the beginning of the school year and unveiled their student-built house right at the end. Our Quad Cities News photojournalist Mike Colón takes us on a tour of the students' handiwork. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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