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Fed's Bostic sees 2022 rate liftoff, taper call in a few months


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Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank could decide to slow its asset purchases in the next few months and he favored lifting interest rates in 2022 in response to a faster-than expected recovery from COVID-19 pandemic.
“Given the upside surprises in recent data points, I have pulled forward my projection for our first move to late 2022,” Bostic told reporters Wednesday following a speech to the Russell Innovation Center for Entrepreneurs. ‘’I have two moves in 2023,” he said.
The Fed last week published economic projections showing 13 of 18 participants on the policy-setting Federal Open Market Committee thought it would probably be appropriate to begin raising interest rates from their current near-zero levels by the end of 2023. That marked an increase from just seven participants who thought such a timeline for rate hikes would be appropriate back in March, the last time updated projectio ....

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The Home Depot Foundation Partners With 100 Black Men of America Inc. to Provide Skilled Trades Training for Underserved Youth %


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The Home Depot and partners are teaming up to launch a pilot trades training program to serve marginalized communities in Atlanta, Philadelphia and San Francisco. The program will be facilitated through 100 Black Men of America’s existing afterschool programs.
Photo credit- Facebook
Youth often benefit from gaining more skills to become marketable and find out what strikes their interest, although career exploration may not always require earning a college degree. The Home Depot announced that The Home Depot Foundation and a trade training nonprofit partner called Home Builders Institute (HBI), are launching a strategic partnership with 100 Black Men of America Inc. The goal is to increase skilled trade training for Black youth. Skill-building workshops, work experience, internship opportunities, industry-recognized PACT certifications, and preparation for youth to pursue meaningful careers will be provided, according to the announcement. Home Depot also said tha ....

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US Bank-Elavon VP, Terra Wallace leads investment into Black businesses


U.S. Bank-Elavon VP Terra Wallace leads investments in Black businesses
Rolling out sat down with Terra Wallace, vice president of education and engagement for U.S. Bank-Elavon, to discuss her leadership initiative to support Black businesses and communities. The Fortune 500 company announced a $450,000 investment in the Russell Innovation Center for Entrepreneurs.
Can you share with us a little bit about the journey and how you got here before announcing the investment?
I came across RICE, the Russell Innovation Center for Entrepreneurs in March of 2020. We were going through the pandemic, and I knew a lot of Black businesses were struggling. You know, the pandemic affected small Black businesses very differently than it affected other small businesses, or non-minority businesses, and I was trying to find a way to continue to encourage our Black small businesses during that time and give them hope and resources as they were out trying to figure it out. I came ....

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U.S. Bank provides $450K to Russell Innovation Center for Entrepreneurs


U.S. Bank provides $450K to Russell Innovation Center for Entrepreneurs
(Photo provided by U.S. Bank)
ATLANTA (May 3, 2021)  U.S. Bank is providing a three-year, $450,000 investment in the Russell Innovation Center for Entrepreneurs (RICE), an Atlanta-based organization dedicated to empowering Black entrepreneurs and small business owners.
RICE is the largest business incubation hub in the United States dedicated exclusively to developing Black entrepreneurs. In addition to the grant, U.S. Bank employees will provide education and inspiration to emerging entrepreneurs who are seeking counsel in the areas of finance, technology, payments and innovation.
“Our support of the Russell Center is consistent with the U.S. Bank Access Commitment, a long-term approach to building wealth and providing access in diverse communities,” said Jamie Walker, CEO of Elavon, and head of merchant payments at U.S. Bank. “U.S. Bank is committed to ....

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