Federal Reserve moves up forecast for interest rate hikes
CBSN
The Federal Reserve indicated Wednesday it may raise interest rates sooner than previously anticipated as the United States comes out of the coronavirus pandemic. But Federal Reserve Chairman Jerome Powell played down expectations, claiming discussion of the change at the Federal Reserve is highly premature.
The central bank forecasts it would raise interest rates twice by the end of 2023 after previously estimating there would be no interest rate hike until 2024. "These projections do not represent a committee decision or plan and no one knows with any certainty where the economy will be a couple of years from now," said Powell. "More important than any forecast is the fact that whenever liftoff comes, policy will remain highly accommodative."Sean "Diddy" Combs on Sunday apologized in a social media post after security video aired by CNN that appears to show him attacking singer Cassie Ventura in a Los Angeles hotel hallway in 2016. In an Instagram video, he said his behavior was "inexcusable" and he takes "full responsibility" for his actions.
On Nov. 13, 2016, Dr. Eric "Scott" Sills, a renowned California fertility doctor, called 911 and reported finding his wife and business partner Susann Sills unresponsive at the bottom of the stairs. An initial investigation revealed some evidence that was consistent with an accidental fall. But as "48 Hours" correspondent Tracy Smith reports, other evidence pointed to something more sinister. DETECTIVE: How do you know she — she got an email? MARY-KATHERINE SILLS: I woke up and my dad was just like on the covers just laying there like there wasn't enough room to get in I guess. So, he was just laying there.