speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation is still running above the central bank’s target.Previously one of the more hawkish policymakers, or in favor of tighter policy to fight inflation, Bostic noted that his focus is shifting more towards the employment side of the Fed’s mandate as signs increase of labor market softening.”I believe we cannot wait until inflation has actually fallen all the way to 2 percent to begin removing restriction because that would risk…
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Here are the most important news items that investors need to start their trading day:1. Off to a rough startStocks kicked off the new month in the red, with all three major averages suffering their worst days since the Aug. 5 global market sell-off. The Dow Jones Industrial Average fell more than 600 points during Tuesday’s session, moving 1.51% lower to close at 40,936.93. The S&P 500 moved 2.12% lower, finishing the session at 5,528.93. The tech-heavy Nasdaq Composite saw the biggest percentage drop of the three, falling 3.26% to close at 17,136.30. Follow live market updates.2. Still in a…
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European regenerative agriculture company InSoil has entered a four-year strategic agreement with Anew Climate, LLC, a global leader in environmental markets, to exclusively market over 500,000 verified soil carbon removals from InSoil’s Carbon Farming Program in Lithuania. Developed under Verra’s VCS VM0042 standard, the project is independently verified and represents one of the largest soil carbon initiatives in the region.Removals are generated by Lithuanian farmers implementing regenerative practices such as cover cropping, diversified rotations, residue management, and conservation tillage – methods shown to sequester carbon, enhance soil health, and boost biodiversity.Financing the transition to regenerative agricultureThe collaboration aims to be…