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Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Prices

(Bloomberg) — Federal Reserve officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation.

The U.S. central bank “expects to maintain an accommodative stance” until those outcomes are achieved, it said in a statement Wednesday following a two-day meeting that beefed up its description of future policy.

The fresh guidance is the Fed’s first step in an evolving communication strategy, after it unveiled a new long-term policy framework last month to allow inflation to overshoot its 2% target after periods of under-performance.

Announced by Chair Jerome Powell at the Fed’s Jackson Hole conference, officials expect to refine their approach to economic projections later this year and they may also reach consensus on how to talk about their balance sheet.

“This very strong, very powerful guidance shows both our

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Top Trump official Seema Verma ‘abused’ government rules by spending $3.5 million in taxpayer money to boost her own profile, according to a congressional investigation



Deborah Birx et al. looking at the camera: Seema Verma, Centers for Medicare and Medicaid Services Administrator Jim Watson/AFP via Getty Images


© Jim Watson/AFP via Getty Images
Seema Verma, Centers for Medicare and Medicaid Services Administrator Jim Watson/AFP via Getty Images

  • Seema Verma, the Centers for Medicare and Medicaid Services chief, “abused the federal contracting process” and “wasted millions of taxpayer dollars,” according to a new congressional investigation. 
  • Verma paid a team of expensive media consultants to help her land high-profile interviews, meet with journalists and lawmakers, and craft written materials. 
  • In one instance, Verma paid consultants nearly $3,000 in taxpayer money to put together a “Girl’s Night” at USA Today reporter Susan Page’s Washington home. 
  • In July 2020, the Health and Human Services inspector general found that Verma broke federal contracting rules. 
  • HHS spokesperson Michael Caputo called the congressional report “another reckless drive-by election year hit job” in a statement to Politico.
  • Visit Business Insider’s homepage for more stories.

Seema Verma, the head of the Centers for Medicare and Medicaid

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COVID-19: Lottery Market (2020-2024)- Roadmap for Recovery | Growing Use of Lottery Money for Good Cause to Boost the Market Growth

Technavio has been monitoring the lottery market and it is poised to grow by USD 220.52 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200910005587/en/

Technavio has announced its latest market research report titled Global Lottery Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently

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Research Report: Industrial Wireless Automation Market (2020-2024) | Adoption of High-speed Communication Network Solutions to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the industrial wireless automation market and it is poised to grow by $ 2.03 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?

    Increasing focus on predictive maintenance is a major trend driving the growth
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Research Report: Industrial Communication Market (2020-2024) | Emergence of New and Innovative Fieldbus to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the industrial communication market and it is poised to grow by USD 69.77 billion during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by protocol, which is the leading segment in the market?
  • The fieldbus segment is expected to be the
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COVID-19 Impacts: Industrial Automation and Instrumentation Market in India Will Accelerate at a CAGR of Over 10% Through 2020-2024 | Shift Toward Lean Manufacturing to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the industrial automation and instrumentation market in India and it is poised to grow by USD 2.58 bn during 2020-2024, progressing at a CAGR of 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric, Honeywell International Inc., Robert Bosch GmbH, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while

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Industrial Barcode Scanner Analysis Highlights the Impact of COVID-19 (2020-2024)| Advent of Industry 4.0 to Boost Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the industrial barcode scanner market and it is poised to grow by $ 537.8 mn during 2020-2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advantech Co. Ltd., Datalogic Spa, EUROTECH Spa, Generalscan

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