War in Ukraine scrambles the Fed's options
CNN
Federal Reserve Chair Jerome Powell had been making himself very clear: To fight inflation, the US central bank would begin rolling back crisis-era support for the economy very soon. But following Russia's invasion of Ukraine, Wall Street isn't convinced the Fed will have the same resolve to aggressively push ahead.
What's happening: Bets that the Fed will announce a supersized interest rate hike when it meets later this month have plunged. One week ago, traders saw a 34% probability of a 0.5 percentage point increase. Now, they put the likelihood at under 8%, according to data from CME Group.
President Donald Trump this week lashed out at congressional Republicans like he rarely has before.
A Border Patrol agent shot two people in Portland, Oregon, during a traffic stop after authorities said they were associated with a Venezuelan gang, another incident in a string of confrontations with federal authorities that have left Americans frustrated with immigration enforcement during the Trump administration.
The Bella 1 had been tailed by a US Coast Guard cutter across the Atlantic Ocean for almost two weeks when the ship’s crew employed a novel tactic to evade the US military: painting a Russian flag on its hull.
The Washington National Opera on Friday announced it is parting ways with the Kennedy Center after more than a decade with the arts institution.
‘It’s uninvestible’: Trump’s Venezuela pitch met with skepticism from oil executives
FBI Director Kash Patel has named Christopher Raia, a seasoned career agent, to replace Dan Bongino as deputy director, according to people briefed on the matter.
President Donald Trump faced Republican defections on a series of split votes this week, but his willingness to call out members of his own party convinced some wavering lawmakers to stay in line.
Trump’s description of the Mexican trafficking world – one dominated by a few cartels that can be swiftly defeated – is at odds with how the crime organizations actually operate, experts say.
The Virginian man accused of planting two bombs in Washington, DC, five years ago pleaded not guilty Friday to federal charges of transporting and attempting to use explosives.
A US State Department team traveled to Venezuela on Friday for the first time since the ouster of Nicolás Maduro, according to a US official. CNN’s Stefano Pozzebon reports from Bogota.
Oregon authorities are investigating a shooting by a Border Patrol agent in Portland that wounded two people federal authorities say are tied to a violent international gang – an incident that renewed questions about the Trump administration’s handling of its immigration crackdown in the city and across the US.
A US State Department team traveled to Venezuela on Friday for the first time since the ouster of Nicolas Maduro, according to a US official.
Mutual distrust between federal and state authorities derailed plans for a joint FBI and state criminal investigation into Wednesday’s shooting of a Minneapolis woman by an ICE officer, leading to the highly unusual move by the Justice Department to block state investigators from participating in the probe.