We've reached 'peak Fed mania'
CNN
Only a month ago, a significant percentage of investors thought that the Federal Reserve wouldn't need to raise interest rates in March.
So much for that. The stock and bond markets are now gripped by fears of multiple rate hikes this year.
Inflation worries have become so prevalent in the past few weeks -- peaking with Thursday's consumer price report showing the biggest year-over-year surge in nearly 40 years -- that many now believe the Fed needs to aggressively raise rates multiple times.
In homes across America, the gifts have been opened, wrapping paper and bows strewn about living rooms.
Congressional Republicans have yet to break the record for most retirements in a single year, but some say it’s only a matter of time before widespread frustration with the current state of Washington leads to a tipping point as many in the party head for the exits.
A traffic stop outside of Baltimore Wednesday ended with an undocumented man shot and another injured after US Immigration and Customs Enforcement agents allege the driver of a van drove directly at officers, prompting them to open fire.
The host of the Kennedy Center’s annual Christmas Eve jazz performance canceled Wednesday’s concert, citing the board of trustees’ move to rename the facility for both the 35th president and President Donald Trump.
The phone rings. Would your 10-year-old like to speak with the president? He’s tracking Santa Claus from his living room in Palm Beach.
Nasry “Tito” Asfura, a conservative politician backed by US President Donald Trump, has been declared the winner of the Honduran presidential election, narrowly edging out right-leaning centrist Salvador Nasralla in a contest marked by allegations of foreign intervention and voting irregularities.
The Justice Department on Wednesday said it has uncovered over a million more documents potentially related to the Jeffrey Epstein case and may need “a few more weeks” to process and release them to the public.
Eighteen Democratic-led states and the District of Columbia filed a lawsuit Tuesday challenging a new Trump administration policy seeking to bar transgender care for minors at federally-funded hospitals.
Wassail — from a greeting meaning “be in good health” — evokes some kind of ancient holiday tradition. But its particulars, like the spiced beverage, can be cloudy.
A federal judge has blocked the Trump administration’s attempt to reallocate federal Homeland Security funding away from states that refuse to cooperate with certain federal immigration enforcement.
When the Justice Department released a first batch of Jeffrey Epstein files on Friday that included photographs of former President Bill Clinton, White House officials raced to amplify the importance of the new documents.
One year ago this week, Joe Biden was president. I was in Doha, Qatar, negotiating with Israel and Hamas to finalize a ceasefire and hostage release deal. The incoming Trump team worked closely with us, a rare display of nonpartisanship to free hostages and end a war. It feels like a decade ago. A lot can happen in a year, as 2025 has shown.
Two people are dead and others are missing after a fire and explosion tore into a nursing home on the outskirts of Philadelphia, Pennsylvania, spurring local responders, bystanders and staff to rush the elderly population to safety, Gov. Josh Shapiro said.