
Expect interest rate hikes to continue into 2023, Fed official says
CNN
San Francisco Federal Reserve president Mary Daly said Thursday morning that raising interest rates by either half or three quarters of a percentage point in September would be a "reasonable" way to bring inflation down.
The hikes would follow back-to-back 75-basis point increases by the Federal Reserve, intended to tackle white hot inflation, which remains near a 40-year high.
Last month's Consumer Price Index, a key inflation measure, showed that rising prices took a bit of a breather with consumer prices increasing by 8.5% year over year, a slower pace than the 9.1% increase in June. "There's some relief, and I was really pleased to see that, but I don't count on it," Daly told CNN's Julia Chatterley. "We have a lot of work to do at the Fed to bring us back to price stability."

A federal judge in Brooklyn has blocked the Trump administration’s attempt to end temporary protected status for Haitian migrants ahead of schedule, ruling that the Department of Homeland Security violated the law in its rush to strip deportation protections and work permits from over half a million people.

Tennessee has passed a sweeping measure to combat bullying, targeting teenagers where it may hurt the most: revoking their ability to drive. The legislation, which took effect Tuesday, allows courts to suspend the driver’s licenses of minors found guilty of bullying or cyberbullying for up to a year.

House Republican Leadership Chairwoman Elise Stefanik is criticizing Columbia University’s president over past comments that the congresswoman said are a potential violation of the Civil Rights Act, including her call to have an Arab person on the university board, as the university faces continued investigations into its handling of antisemitism on campus.

As a judge is poised to decide whether Bryan Kohberger can accept a plea deal that would allow him to avoid the death penalty in the 2022 killings of four Idaho college students, one victim’s father says he views the deal as a relief from the pain and spectacle of a trial, while two others say they feel blindsided and robbed of desperately sought-after answers in the killings of their daughters.

The debris arrives in the rockets’ wake: melted plastics, aluminum and pieces of blue adhesive. It all ends up stranded on the sands of Bagdad beach in northern Tamaulipas, Mexico, home to an endangered species of sea turtle. Just across the border lies Starbase, SpaceX’s launchpad and company town in what once was called Boca Chica, Texas.