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.
The state of Maryland is set to gain control of the DC Air National Guard fighter squadron as part of a major deal that will see the nation’s capital take over the site of RFK stadium.
President-elect Donald Trump said on Tuesday he will direct the Department of Justice to “vigorously pursue the death penalty” after President Joe Biden on Monday commuted the death sentences of 37 federal inmates to life in prison.
Former President Bill Clinton was discharged from a hospital on Tuesday one day after being admitted for the flu, his office said.
While public anxieties have loomed over the Northeast amid possible drone sightings, one sighting will soon bring holiday cheer across the country: Santa Claus.
Prosecutors on Monday charged 33-year-old Sebastian Zapeta-Calil with first- and second-degree murder and first-degree arson in connection with the death of a woman who died after being set on fire in a New York City subway train a day earlier.
Some Democratic lawmakers are pressuring the Biden administration to take further action on student loans before President-elect Donald Trump takes office, including finalizing some debt forgiveness it already approved.
New Mexico prosecutors won’t pursue an appeal of a court’s decision to dismiss an involuntary manslaughter charge against Alec Baldwin in the fatal shooting on a cinematographer on the set of a Western movie, the Santa Fe district attorney’s office announced Monday.
One of the world’s most active volcanoes erupted on Monday after a three-month hiatus, spewing bright orange lava as high as 300 feet, according to the United States Geological Survey (USGS).
President Joe Biden’s announcement that he’s taking 37 people off federal death row resulted in praise from some families and deep disappointment from others.
One of Colombia’s legendary drug lords and a key operator of the Medellin cartel has been deported back to the South American country, after serving 25 years of a 30-year prison sentence in the United States.
Former President Bill Clinton was admitted Monday afternoon to Georgetown University Medical Center in Washington, DC, where he is undergoing testing and observation after developing a fever, his spokesman told CNN.