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.
Democrats on the House Oversight Committee have released photos from Jeffrey Epstein’s estate Friday showing the many powerful figures in the late sex trafficker’s orbit, including President Donald Trump, former President Bill Clinton, Steve Bannon, Bill Gates, Richard Branson and others.
A federal judge has temporarily blocked the Trump administration from once again detaining Kilmar Abrego Garcia, hours after the judge ordered him to be released from an immigration detention facility.
The murder trial of Brian Walshe, who is accused of killing and dismembering his wife in 2023, continues. Follow for live news updates
The Justice Department’s mortgage fraud investigation into New York Attorney General Letitia James is on life support after a grand jury, for the second time, rejected an indictment that would have revived charges against her.
A little-known civil rights office in the Department of Education that helps resolve complaints from students across the country about discrimination and accommodating disabilities has been gutted by the Trump administration and is now facing a ballooning backlog, a workforce that’s in flux and an unclear mandate.
The Indiana state Senate’s rejection of President Donald Trump’s redistricting push is one of the most significant GOP rebukes of Trump to date, and at a particularly inauspicious time for him.
President Donald Trump announced Thursday he is granting Tina Peters a full federal pardon, which is likely to increase the pressure campaign to free the former Colorado clerk from state prison even though he cannot erase her state charges.
Jean Leising spoke at a breakfast this fall at her 8th grade grandson’s school. Hours later, when she was set to give him a ride home from basketball practice, he bashfully told her that his entire team had received text messages about her that day — “and they were all bad.”
The US says it is sanctioning three nephews of Venezuelan President Nicolás Maduro, among others, as it ramps up its pressure campaign on the South American country.
The Indiana Senate on Thursday voted down a plan to redraw the state’s congressional districts to produce two more GOP-friendly seats, rejecting President Donald Trump’s months-long campaign to pressure the Republican supermajority in the deep-red state to bend to his will.
White House officials abruptly postponed the final meeting of a Trump-created task force charged with shaping the future of the Federal Emergency Management Agency, roughly two hours before it was set to begin on Thursday, according to three sources familiar with the decision.
Tyler Robinson, the 22-year-old man accused of fatally shooting conservative political activist Charlie Kirk, appeared in a Utah court Thursday for the first time in-person since his arrest.
The US Navy has submitted its recommendations on potential punishments for Democratic Sen. Mark Kelly over his participation in a video that reminded US troops they have a duty to refuse illegal orders, a Pentagon official told CNN on Thursday.