Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next. Powell, in prepared remarks for a speech in Dallas, said that inflation is edging closer to the Fed's 2% target, “but it is not there yet." At the same time, he said, the economy is strong, and the Fed's policymakers can take time to monitor the path of inflation.
Federal Reserve Chair Jay Powell said the central bank does not need to be 'in a hurry' to lower interest rates, and that the Fed would be 'watching carefully' to make sure certain inflation measures stay within an acceptance range.
Three women formerly employed by Harrods have accused the brother of its late boss Mohamed Al-Fayed of sexual violence, following hundreds of similar claims against the former owner of the luxury London store, the BBC reported Thursday.The report follows a slew of claims in recent weeks by hundreds of women against the Egyptian former Harrods and Fulham Football Club owner Mohamed Al-Fayed of sexual assault including rape.
Some staff members at the Food and Drug Administration are considering a quick exit as Robert F. Kennedy Jr.
The Winter Arc Challenge is a 90-day self-improvement, personal development trend focused on health habits and goal setting. Learn the winter arc challenge rules.
When Daniel Penny fatally choked a homeless man aboard a Manhattan subway last year, the 25-year-old veteran appeared to be using a combat technique that he learned in the U.S. Marines, according to the martial arts instructor who served alongside Penny and trained him in several chokeholds. Neely, who struggled with mental illness and drug use, was making aggressive and distressing comments to other riders when he was taken to the ground by Penny, a Long Island resident who served four years in the U.S. Marines.
A Tennessee man who is accused in lawsuits of drugging and sexually assaulting dozens of women while police deliberately botched investigations into him was convicted Thursday of producing images of child sexual abuse. Sean Williams, 53, faces a minimum mandatory term of 15 years in prison and up to 30 years in prison as to each of the three counts in the federal indictment. According to a police report, a Western Carolina University campus police officer found Williams asleep in his car last year.
The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the far-right, conspiracy-minded website that served as Jones’ primary online platform.
A war monitor said Israeli strikes in and around Damascus on Thursday killed 20 people including Palestinian militants and Iran-backed fighters, as attacks intensify during the Lebanon war.In Qudsaya, Israeli jets targeted "an apartment complex housing Palestinians, killing 10 people, including at least three members of the Palestinian Islamic Jihad movement," the monitor said.
France's upper house of parliament on Thursday rejected a bill to ban children under 16 from attending bullfights, which has sparked emotional debate.Anti-bullfight activists slammed the rejection of the bill.
(Reuters) -Republican Dave McCormick won the U.S. Senate election in Pennsylvania, Decision Desk HQ projected on Thursday, beating Democratic incumbent Bob Casey in an important win for Republicans hoping to capture a majority in the chamber. Pennsylvania will conduct a legally required statewide recount of the ballots because McCormick's lead is within one-half of 1 percent of the total votes, Commonwealth Secretary Al Schmidt said on Wednesday. McCormick has 3,380,310 votes, or 48.93%, and Casey has 3,350,972, or 48.50%, Schmidt said.
The video was captured in 2015, eight years before Project 2025 was published. Rubio doesn't mention Trump in the original footage.
When does the Peppermint Chip Milkshake return to Chick-fil-A? The chicken chain is bringing back the seasonal treat and other minty drinks on November 18.
Smithfield Foods, one of the nation’s largest meat processors, has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota, officials announced Thursday. An investigation by the Minnesota Department of Labor and Industry found that the Smithfield Packaged Meats subsidiary employed at least 11 children at its plant in St. James ages 14 to 17 from April 2021 through April 2023, the agency said. Smithfield let nine of them work after allowable hours and had all 11 perform potentially dangerous work, the agency alleged.
Elon Musk shared on X that nor he or Vivek Ramaswamy will be paid to co-lead the newly-created Department of Government Efficiency.
Fifteen people were killed and 16 others injured in Israeli strikes on Damascus in Syria, state media SANA said, citing a military source and marking one of the deadliest strikes in months to hit the Sryian capital.
The South Carolina Supreme Court has decided the state should take a break from executions for the holidays. Justices issued an order on Thursday saying they would wait to sign the next death warrant until at least Jan. 3. A privacy law now hides the names of suppliers and prison officials were able to obtain the drugs.
WASHINGTON (Reuters) -JPMorgan Chase CEO Jamie Dimon will not be invited to be a part of Donald Trump's administration, the U.S. president-elect said on social media on Thursday. "I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration," Trump said in his post. A source told Reuters last week Dimon will remain at the bank and had no plans to join Trump's administration after earlier having been the subject of speculation as a Treasury secretary candidate in the run-up to the Nov. 5 election.
New York said Thursday it will revive a controversial scheme to charge drivers entering parts of the city, a first in the United States, putting local authorities on a collision course with President-elect Donald Trump.Republican lawmakers have called on Trump to intervene in the case to terminate the revived plan, with the former president previously vowing to kill the scheme if elected.
A European regulatory committee now recommends approval of the Alzheimer’s treatment lecanemab a few months after rejecting the drug. Biogen said Thursday that the drug, known in the U.S. as Leqembi, received a positive opinion from the European Medicines Agency’s Committee for Medicinal Products for Human Use as a treatment for early Alzheimer’s disease. The European Commission is now expected to make a marketing authorization decision in the next few months.