Minneapolis, MN

Minneapolis Fed joined St. Louis and Cleveland in pushing for 50 basis-point discount-rate hike last month

Published

2 years ago

February 28, 2023

Minneapolis Fed joined St. Louis and Cleveland in pushing for 50 basis-point discount-rate hike last month

Three of the Federal Reserve’s regional banks — Minneapolis, St. Louis, and Cleveland — voted final month to lift the {discount} price for banks by 50 basis-points to five%, in line with minutes of discount-rate conferences launched by the central financial institution on Tuesday.

Seven district banks voted to lift the speed by 25 foundation factors to 4.75%. Two regional banks, Atlanta and Dallas, voted to go away the {discount} price unchanged at 4.5%.

Many economists consider the regional requests to the Fed for {discount} price modifications typically are indicators for desired strikes within the central financial institution’s benchmark federal funds charges.

Minutes of the Jan. 31- Feb. 1 assembly reported that solely a “few” Fed officers needed a 50 foundation level transfer.

St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester each have stated publicly that they supported a 50-basis level transfer.

Minneapolis Fed President Neel Kashkari is scheduled to talk on Wednesday.

The voting members of the Fed’s interest-rate committee in the end permitted elevating the federal-funds price by 25-basis factors to a variety of 4.5%-4.75%. The vote was unanimous.

The yield on the 10-year Treasury notice
TMUBMUSD10Y,
3.922%
has risen because the two-day coverage assembly, Fed officers will meet once more on March 21-22.

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Minneapolis, MN

Minneapolis police consent decree reforms to be implemented despite dismissal

Published

9 hours ago

June 11, 2025

Press Room

Minneapolis police consent decree reforms to be implemented despite dismissal – CBS Minnesota

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Minneapolis Mayor Jacob Frey issued an executive order on Tuesday instructing the city to fully implement all reforms outlined in a consent decree weeks after its dismissal.

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Minneapolis, MN

Minneapolis police: We can't assist with immigration enforcement

Published

1 day ago

June 10, 2025

Press Room

Minneapolis police: We can't assist with immigration enforcement

From the Minnesota Star Tribune: “Days after a federal raid in south Minneapolis drew protests and intense scrutiny, Assistant [Minneapolis] Police Chief Katie Blackwell sent a department-wide memo emphasizing they are not allowed to assist with immigration enforcement. The email was sent to sworn and civilian staff Friday afternoon, three days after two armored vehicles and federal officers rolled through the streets of south Minneapolis to serve a search warrant in connection to what federal officials called a ‘transnational criminal organization’ suspected of drug and human trafficking and money laundering.

From the Associated Press: “Adults living in the U.S. illegally will be excluded from a state-run health care program under an overall budget deal that the closely divided Minnesota Legislature convened to pass in a special session Monday. … The change is expected to affect about 17,000 residents.”

From MPR News: “Our weather pattern will take a more typical summery and thundery June turn this week. Tuesday brings plenty of sunshine and warmer temperatures in the 80s to much of Minnesota. Then a warm front will stall across southern Minnesota along the Interstate 90 corridor between Wednesday and Friday. That front will be the focus of a few rounds of thunderstorms.”

From WCCO News: “The University of Minnesota is proposing tuition hikes of up to 7.5% and cuts to academic programs for the next fiscal year as it navigates what it calls ‘unprecedented challenges facing higher education.’ Under the proposal, undergraduate tuition rates would increase at all of U of M campuses across the state.”

From Bring Me The News: “Anxiety over current U.S. border and LGBTQ policies under the Trump administration has led a Canadian group to scrap the Minnesota leg of its annual cross-border Pride parade. Borderland Pride has announced that its cross-border Pride March will not start in International Falls this year. The event will instead take place entirely within Fort Frances on the Canadian side of the border.”

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Minneapolis, MN

Man fatally shoots his toddler daughter and then himself in Minneapolis home, police say

Published

2 days ago

June 9, 2025

Press Room

Man fatally shoots his toddler daughter and then himself in Minneapolis home, police say

A man fatally shot his 2-year-old daughter and then himself in a Minneapolis home overnight, officials said Monday.

Minneapolis police said officers went to the home in the 2900 block of Colfax Avenue N. about 12:20 a.m. Monday and found the man and his daughter dead from gunshot wounds.

The girl’s mother was in the home and not physically harmed, police said.

“This is an unimaginable, heartbreaking tragedy,” read a statement from Police Chief Brian O’Hara. “Our hearts are with the child’s mother as she faces an overwhelming loss, and with the officers and investigators who responded to such a devastating scene.”

Officials haven’t released the identities of the father or the girl.

There have been 24 homicides in Minneapolis this year, according to a Minnesota Star Tribune database. That compares to 33 at this time last year.

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