Here's why the Fed won't announce tapering this week
CNN
The Federal Reserve is unlikely to take its foot off the stimulus gas pedal this week as the recovery has run into some roadblocks.
Most notably: the Delta variant.
Mere weeks ago, investors were convinced the central bank would announce a tapering of its massive pandemic stimulus program at its September meeting, which began Tuesday. But some somber economic data, including a very disappointing jobs report and changes in consumer sentiment on the back of rising Covid-19 cases, have pushed back expectations for the taper timeline.
Many of the promises Trump made at Turning Point’s AmericaFest last year — including “lower prices,” an end to foreign wars and “generational change” — have yet to materialize.
In the hours after police discovered the bodies of Rob Reiner and Michele Singer Reiner inside their Brentwood, California, home, speculation was rife over what could have led someone to murder the beloved Hollywood director and his other half, a charismatic photographer and producer.
President Donald Trump came to North Carolina on Friday to talk about the economy.
The Justice Department released thousands of files related to sex offender and accused sex-trafficker Jeffrey Epstein in a much-anticipated document dump Friday.
Texas judge orders Attorney General Ken Paxton’s divorce records unsealed amid heated Senate primary
Court documents detailing the divorce of Republican U.S. Senate candidate and Texas Attorney General Ken Paxton and his wife, state Sen. Angela Paxton, were released Friday by order of a judge, months after she filed citing “biblical grounds.”
An oil and chemical tanker sanctioned by the United States has entered Venezuelan waters, ship tracking data showed, despite US President Donald Trump declaring a “total and complete blockade” of such vessels transiting the country.
The Justice Department’s partial release of its files related to Jeffrey Epstein on Friday marked a moment of triumph for Epstein survivor Maria Farmer and her sister Annie, who have said for years that Maria had filed one of the first complaints against Epstein in the 1990s.
‘Twas the week before Christmas in a Montreal store, when Santa stole groceries, then walked out the door.
The US struck multiple targets in Syria on Friday that the US military tied to ISIS as retaliation for the recent attack against American troops there that killed two service members, according to two US officials.
CNN is tracking delays and cancellations for flights traveling to, from or within the US using data from FlightAware. Data updates every 15 minutes.
Republican Rep. Elise Stefanik announced Friday she was ending her short-lived bid for governor of New York and would not run for another term in Congress.
In his latest effort to lower drug costs, President Donald Trump unveiled Friday “Most Favored Nation” pricing deals with nine more pharmaceutical companies.
At least seven Colombian soldiers were killed and 30 wounded Thursday when a guerrilla group attacked an Army base with drones and explosives, the military said.