England vs Sri Lanka, World Cup 2019: Weather Updates from Leeds on Friday

first_img Next India Today Web Desk HeadingleyJune 21, 2019UPDATED: June 21, 2019 09:45 IST World Cup 2019, England vs Sri Lanka: No rain has been forecast for Friday in Leeds (Reuters Photo)A struggling Sri Lanka take on in-form England in their World Cup 2019 tie at Headingley in Leeds on Friday. England, who have had an impressive campaign so far, will be eyeing their fifth victory in the ongoing World Cup. Eoin Morgan’s men have lost only one match and that came while chasing against Pakistan.England won their last two games comprehensively, by margins of eight wickets and 105 runs against West Indies and Afghanistan respectively. Having acquiring an enviable assortment of big-hitters who routinely post 300-plus scores, England is the team to beat in this tournament. The likes of Jonny Bairstow, Joe Root and Eoin Morgan have been taking opposition attacks to the cleaners.England will inch closer to the World Cup semi-finals with a win over Sri Lanka at Headingley. England hold the edge over Lanka (6-4) in the World Cup meetings. Sri Lanka are in a must-win scenario after pocketing just one victory. Sri Lanka registered their only win against Afghanistan in a rain-affected game in Cardiff.They were completely outclassed by New Zealand and Australia and two of their matches were washed out. Dimuth Karunaratne’s side have to win all of the remaining games to make it to the semis of World Cup 2019.England vs Sri Lanka: Weather updates from Leeds Cricket fans can breathe a sigh of relief as there is no rain predicted throughout the day in Leeds. The World Cup 2019 match between England and Sri Lanka will most probably be a full 50-overs-a-side game without any rain interruptions.advertisementFriday looks set to be a nice day for a World Cup match, with sunny intervals and cloudy spells, according to AccuWeather. Cloudy weather is forecasted for most of Friday in Leeds with sunny intervals and no rain at all. Screengrab from AccuWeather Screengrab from AccuWeatherAlso Read | World Cup 2019: Virat Kohli chills out with ‘champ’ Rishabh Pant ahead of Afghanistan matchAlso See:For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byAkshay Ramesh Tags :Follow England vs Sri LankaFollow ICC Cricket World CupFollow Leeds England vs Sri Lanka, World Cup 2019: Weather Updates from Leeds on FridayICC Cricket World Cup 2019: Strugglers Sri Lanka take on hosts and pre-tournament favourites England at Headingley in Leeds. Here’s all that you need to know about the latest weather updates from Leeds on Friday. advertisementlast_img read more

Fed to slow pace of monthly bond purchases by another 10B despite

by Martin Crutsinger, The Associated Press Posted Jan 29, 2014 12:14 pm MDT A television screen on the floor of the New York Stock Exchange shows the decision of the Federal Reserve, Wednesday, Jan. 29, 2014. The Federal Reserve says it will cut its monthly bond purchases by an additional $10 billion to $65 billion because of a strengthening U.S. economy. It’s doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled global markets. (AP Photo/Richard Drew) AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Fed to slow pace of monthly bond purchases by another $10B despite turmoil in emerging markets WASHINGTON – The Federal Reserve is pushing ahead with a plan to shrink its bond-buying program because of a strengthening U.S. economy. It’s doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled global markets.The Fed said it will cut its monthly bond purchases starting in February by $10 billion to $65 billion. It also reaffirmed its plan to keep short-term rates at record lows to try to reassure investors that it will keep supporting an economy that remains less than fully healthy.The decision by the Fed was announced in a statement Wednesday after Ben Bernanke’s final policy meeting. Bernanke will step down Friday after eight years as chairman and will be succeeded by Vice Chair Janet Yellen.Most economists expect that under Yellen, the Fed will announce a string of $10 billion monthly reductions in bond purchases at each meeting this year, concluding with a final $15 billion cut in December.Many global investors fear that reduced Fed bond buying will boost U.S. rates and cause investors to move money out of emerging markets and into the United States for higher returns. Currency values in emerging economies have fallen over that concern.In response, central banks in emerging economies, from India to Turkey to South Africa, have been acting to counter any damage from the Fed’s pullback and the prospect of higher U.S. rates: They’ve been raising their own rates. These central banks hope to control inflation, boost their flagging currencies and keep investors from fleeing.But so far, those currencies have continued to weaken.The Fed’s bond purchases have been intended to keep long-term borrowing rates low to spur spending and growth. Its decision Wednesday to continue paring purchases signals the Fed’s belief that the economy is showing consistent improvement. In its statement, it upgraded it assessment to say “growth in economic activity picked up in recent quarters.”Stocks fell after the Fed announced its decision. Bond prices rose slightly, and their yields dipped.The Dow Jones industrial average closed down 189 points, or 1.2 per cent. It had been down 127 points just before the Fed’s announcement at 2 p.m. Eastern time. Disappointing earnings from big U.S. companies had contributed to a sour mood on Wall Street. The yield on the 10-year Treasury note slipped to 2.68 per cent.Some analysts said the Fed’s confidence in the U.S. economy appeared to outweigh any concern that the turmoil in emerging market economies might spill over into the United States and other developed nations.“These economies have not been driven into deep recession,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said of the emerging economies. “Their currencies are weak but not in freefall.”The Fed made no mention of the turbulence that has rocked markets for the past week. In part, that reflects the Fed’s role as a steward of the U.S. economy, not the global economy as a whole: Its dual mandate is to maximize U.S. employment and keep U.S. prices stable.Its bond purchases have helped fuel a huge stock market rally over the past year as investors shifted money out of low-yielding bonds and into stocks. Now that the Fed is cutting back on those bond purchases, many investors fear stocks will fall.“Ultimately, the Fed sort of had no choice but to reduce purchases at this meeting,” said Dan Greenhaus, chief strategist at BTIG brokerage. “If they had paused, they risked sending a signal to markets that they lacked conviction.”The action Wednesday was approved on a 10-0 vote. The last time a Fed policy statement was approved unanimously was June 2011.The Fed’s statement repeated a phrase it first used in December: That it would hold its benchmark short-term rate near zero “well past” the time unemployment falls below 6.5 per cent. The Fed noted that government spending cuts and tax increases are less of a drag on growth than last year. It also said businesses and consumers are stepping up spending.The unemployment rate dipped from 7 per cent to 6.7 per cent in December, the lowest point in five years. Still, much of the decline was due to an exodus of job seekers who gave up looking for work and were no longer counted as unemployed.___AP Economics Writer Josh Boak contributed to this report. read more