A fan publication devoted to Bruce Springsteen says it is shutting down after 43 years, with its publisher saying he’s been disillusioned by the talk about ticket prices for their hero’s current tour.
Backstreets, active as both a website and magazine, is unusual for its journalistic rigor while leaving no doubt of its fan worship. But publisher Christopher Phillips wrote that complaints among some fans about high prices for the Springsteen tour that began in Tampa on Feb. 1 left people at Backstreets lacking enthusiasm.
“Disappointment is a common feeling among hardcore fans in the Backstreets community,” he wrote.
Springsteen has said that it’s “no fun being the poster boy for high ticket prices,” but said pricing was in line with others in live music.
Powell: Strong hiring could force further rate hikes
Federal Reserve Chair Jerome Powell said Tuesday that if the U.S. job market further strengthens in the coming months or inflation readings accelerate, the Fed might have to raise its benchmark interest rate higher than it now projects.
Powell’s remarks followed the government’s blockbuster report last week that employers added 517,000 jobs in January, nearly double December’s gain.
The unemployment rate fell to its lowest level in 53 years, 3.4%.
“The reality is if we continue to get strong labor market reports or higher inflation reports, it might be the case that we have to raise rates more” than is now expected, Powell said in remarks to the Economic Club of Washington.
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