
The Fed is getting ready to raise interest rates
CNN
The Federal Reserve is getting ready to raise interest rates, the central bank said in its monetary policy update Wednesday. But it kept rates near zero for now.
"With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate," the Fed statement read.
Prices continued to climb into the end of 2021 and economists expect to see the peak of this inflation cycle in the early months of this year.

White House tries to calm industry worries over migrant workers amid aggressive deportation campaign
Senior Trump officials and the president himself have grappled with the consequences of their immigration crackdown against a key portion of the workforce: migrant workers.

Lawyers for Kilmar Abrego Garcia on Wednesday continued their push to keep their civil case against the Trump administration alive, requesting to amend the lawsuit to include what they describe as the “torture and mistreatment” he experienced at El Salvador’s notorious mega prison, where he was wrongfully deported and held earlier this year.

20 states sue after the Trump administration releases private Medicaid data to deportation officials
The Trump administration violated federal privacy laws when it turned over Medicaid data on millions of enrollees to deportation officials last month, California Attorney General Rob Bonta alleged on Tuesday, saying he and 19 other states’ attorneys general have sued over the move.