Get ready for even bigger rate hikes from the Fed
CNN
The jobs market is still healthy and paychecks are growing at a solid rate — although not fast enough to make up for surging prices on just about everything. That means that the Federal Reserve is increasingly certain to raise interest rates in May by a half-point to halt inflation in its tracks.
Traders are pricing in a more than 75% chance that the Fed will lift its key short-term rate from its current range of 0.25% to 0.5% up to 0.75% to 1% when the central bank wraps up its next meeting on May 4.
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Democratic governors on Thursday slammed President Donald Trump’s deployment of the National Guard and Marines to California amid protests over the administration’s immigration enforcement policies.
President Donald Trump warned Thursday of the possibility of “massive conflict” in the Middle East that could take place “soon.”
The Department of Homeland Security on Thursday told hundreds of thousands of migrants that their permission to live in the United States had been revoked and they should leave.
President Donald Trump said Thursday that “of course” Sen. Rand Paul is invited to the annual congressional picnic later in the day, amid a dispute with the Kentucky Republican over his invite to the long-held bipartisan gathering.
CNN is tracking the LA protests against ICE and the Trump administration and those that have spread across the US this week.
The Senate Agriculture Committee is proposing some notable changes to the controversial food stamp provisions in the House-approved version of Republicans’ megabill.
Attorneys for Kilmar Abrego Garcia have asked a judge to put severe sanctions on the Trump administration, saying federal officials violated court orders to prove the steps they were taking to attempt to get the wrongfully deported man out of El Salvador for weeks, before he was returned to face criminal charges.
A family whose home was mistakenly raided by the FBI eight years ago in the middle of the night will be permitted to continue their damages lawsuit after the Supreme Court on Thursday sent their case back to a federal appeals court for additional review.
Nearly all of the members of the Fulbright Foreign Scholarship Board resigned on Wednesday, claiming the Trump administration is taking “unprecedented actions” they believe are “impermissible under the law.”
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For nearly a decade, the community in Orlando has been working to find a way to memorialize the 49 people who were killed when a gunman opened fire on Latin night at a popular gay nightclub, making it the worst mass shooting in modern US history at the time.
U.S. troops have begun directly detaining immigrants accused of trespassing on a recently designated national defense zone along the southern U.S. border, in an escalation of the military’s enforcement role, authorities said Wednesday
President Donald Trump drew both admiration and ire at the Kennedy Center’s opening night of Les Miserables – with a greeting of cheers and boos, drama at intermission and drag queens in the audience.