KVSP expected
Stefani Reynolds/Bloomberg via Getty Images (WASHINGTON) — A fresh inflation reading this week flashed a warning: Price increases are rising again, just when the Federal Reserve had appeared close to declaring “mission accomplished” in its yearslong fight to lower them. In theory, the trend would prompt the Fed to raise rates, or at least hold them steady, when central […]
Liam Kennedy/Bloomberg via Getty Images (WASHINGTON) — Robert F. Kennedy Jr. is planning to drop out of the presidential race by the end of this week, sources familiar with the decision tell ABC News. Sources tell ABC News that Kennedy plans to endorse Donald Trump — but when asked directly by ABC News if he […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve has held interest rates steady at a 23-year high since last July — but a rate cut is widely expected in the coming months. On Wall Street, the outlook for an interest rate cut has shifted from if to when. The central bank will issue its latest […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday will announce its latest decision on interest rates, just hours after fresh inflation data is set to reveal the status of the central bank’s fight to slow price increases. At six consecutive meetings spanning nearly a year, the Fed has opted to hold rates steady […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve is set to announce a decision on Wednesday about whether to adjust its benchmark interest rate, just days after new government data showed that the economy is cooling off. The slowdown has coincided with a months-long stretch of stubborn inflation, putting pressure on the Fed to keep […]
Scott Olson/Getty Images (DETROIT) — A labor strike against the three largest motor vehicle manufacturers in the United States is expected to be expanded further on Friday amid ongoing contract negotiations. If no deal is reached overnight, United Auto Workers President Shawn Fain will deliver remarks at 10 a.m. ET announcing new targets to strike, […]
Glowimages/Getty Images (WASHINGTON) — The U.S. is expected to announce as early as Friday that it will provide controversial cluster munitions to Ukraine as part of a new military aid package in the fight against Russian invaders, two U.S. officials tell ABC News. The decision to send the munitions will be made by President Joe […]
ABC News (NEW YORK) — Severe weather is possible for 16 million Americans across the Southern U.S. from Texas to South Carolina on Tuesday. A severe thunderstorm watch was issued for parts of eastern Texas and northern Louisiana– from Tyler, Texas to Shreveport, Louisiana, through 6 p.m., local time on Tuesday — mainly for large hail […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve is set to announce on Wednesday whether it will impose another interest rate hike, the central bank’s latest move in a months-long fight that has eased inflation but risks plunging the U.S. into a recession. The Fed has put forward a string of borrowing cost increases as […]
ABC News (NEW YORK) — Tropical Storm Ida is forecast to strengthen into Category 3 hurricane by the time it makes landfall in Louisiana. First, Ida is expected to become a hurricane on Friday as it passes over Cuba. The latest forecast shows Ida making landfall in Louisiana Sunday night into Monday morning, with sustained […]
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