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The Federal Reserve concluded two days of meetings on Wednesday by deciding to increase interest rates .25%.While another interest rate hike was considered likely, recent bank runs have brought into question whether the Federal Reserve would continue raising interest rates. Federal Reserve Chair Jerome Powell has stated that the boards goal is to get the annual rate of inflation down to 2%.The Federal Reserve addressed its decision in light of the recent bank runs. The U.S. banking system is sound and resilient. Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains highly attentive to inflation risks, the Federal Reserve said in a statement.According to the Bureau of Labor Statistics,the rate of inflation was at 6% as of February, which is down from a peak of 9.1% last summer.Since last year, the Fed has increased theFederal Funds ratefrom 0.75%鈥?% to 1.5%鈥?.75%. After a series of interest rate increases, the rate now stands at 4.75%鈥?%, its highest mark in 15 years.SEE MORE: Treasury Secretary Yellen expresses confidence in banking industry Over the past year, we h
stanley becher ave taken forceful actions to tighten the stance of monetary policy, Powell said days before Silicon Valley Bank collapsed. W
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MONTGOMERY COUNTY, Md. 鈥?The Olympics have dominated sports headlines, but another sport is plotting its own rise to the top. Some people ar
stanley borraccia e asking when we might see a gold medalist in esports.If you ask Josh Hafkin, he would tell you video games arent his whole life. But, if you look around his office, its a bit of a different story.Hafkin is the CEO of Game Gym. Game Gym is an esports training center and broadcast center, said Hafkin. We started with an afternoon program and private lessons, and we quickly grew to summer camps, tournaments, events, birthdays, we kind of have done it all in the industry. If you havent heard of esports, its competitive video
stanley website games. Game Gym is kind of an all-in-one youth training center. In the video game world, theres no one guiding kids, theres no one helping kids navigate this path and thats really dange
stanley cup rous, said Hafkin.Hafkin has won over the minds of many to show that esports is a viable industry. That includes his partner, Evan Shubin. I was definitely an extremely skeptical parent. I had two boys that were teenagers and very, very avid gamers, League of Legends and Overwatch, and I thought it was a big waste of time, said Shubin.But Shubin enrolled his kids in Game Gyms after-school program. When one of his sons received grants to be a part of the esports program at Ohio State, he did a 180 and decided to invest in Game Gym. The industry is growing, no questions about it, and so there are jobs in esports and there will be more jo
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