All posts tagged: envisions

Federal Reserve still foresees 3 rate cuts this year but envisions fewer cuts in future

Federal Reserve still foresees 3 rate cuts this year but envisions fewer cuts in future

“The risks are really two-sided here,” Powell said. “We’re in a situation where if we ease too much or too soon, we could see inflation come back. And if we ease too late, we could see unnecessary harm to employment.” Rate cuts would, over time, lead to lower costs for home and auto loans, credit card borrowing and business loans. They might also aid President Joe Biden’s re-election bid, which is facing widespread public unhappiness over higher prices and could benefit from an economic jolt stemming from lower borrowing rates. Stock market averages turned higher after the Fed maintained its projection of three rate cuts this year. Traders had feared the Fed might downgrade the number of expected rate cuts for 2024. For 2025, though, the policymakers now foresee only three rate cuts, down from four in their December projections. And they expect “core” inflation, which excludes volatile food and energy costs, to still be 2.6% by the end of 2024, up from their previous projection of 2.4%. In January, core inflation was 2.8%, according to the …

How Coda envisions growth for alternative web shops | Shane Happach interview

How Coda envisions growth for alternative web shops | Shane Happach interview

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Ever since the advent of the app stores, game companies have been paying the 30% “tax” on digital purchases for the mobile app stores. But heartened by legal rulings, companies like Xsolla have been creating alternative web shops to help developers recover lost revenues. And rival Coda Payments stepped into the picture with the launch of Activision Blizzard’s first-ever Call of Duty: Mobile Web Store in 44 countries, giving the company (now owned by Microsoft) a way to recover direct connections with players. I talked to Shane Happach, CEO of Coda, about this. In November, Coda launched a service called Custom Commerce, a web store system that allows companies and creators to sell and process payments directly with consumers. The system lets merchants adopt the so-called direct-to-consumer model, in which a brand or manufacturer sells its own products directly to end users. This wasn’t really possible until Epic Games challenged the alleged …