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Federal Reserve officials are widely expected to raise interest rates by a quarter point at their meeting this week, further slowing what had been an aggressive pace of rate increases in 2022 as they wait to see how swiftly inflation will fade. Moving gradually will give Fed officials more time to assess how high rates need to rise and how long they need to stay elevated to fully wrangle inflation, both of which are looming and crucial questions. The answers will help to determine how much damage the Fed inflicts on the labor market and broader economy in its quest to control price increases. Central bankers raised interest rates from near zero to above 4.25 percent last year, and they are expected to lift rates to a range of 4.5 to 4.75 percent on Wednesday. Investors will be even more attuned to what may come next, and will parse the Fed’s 2 p.m. statement and the subsequent news conference by the Fed chair, Jerome H. Powell, for clues about the future. Fed officials predicted … [Read more...] about Smaller Rate Increase by Federal Reserve Is Likely as Inflation Cools

Photo: Joe Raedle/Getty Images At a campaign stop in South Carolina last weekend, his first since announcing his 2024 presidential run, Donald Trump claimed we’re at the brink of another world war — and he alone can fix it . “The 2024 election is our one shot to save our country,” Trump said . “Through weakness and incompetence, Joe Biden has brought us to the brink of World War III. We’re at the brink of World War III, just in case anybody doesn’t know it. As president, I will bring back peace through strength.” Pretty terrifying! But maybe this is one of those times when we’re supposed to take Trump seriously, but not literally . “World War III” is just a (horrifying) metaphor; he just means that if reelected, his generally chill demeanor and superior diplomatic skills would help reduce international tensions. Or maybe we should take him literally. In an interview with Right Side Broadcasting Network’s Brian Glenn posted Thursday, Trump revealed that he … [Read more...] about Trump Could End the Ukraine War ‘Immediately,’ But It’s a Secret

Eyewitness image taken Wednesday that captures what is suspected to be a Chinese spy balloon flying over Billings, Montana. Photo: EyePress News/Shutterstock In what is surely the most captivating national balloon news since a Colorado couple falsely claimed their 6-year-old was trapped inside a runaway weather balloon in 2009, the Pentagon announced late Thursday that it is tracking a high-altitude Chinese balloon flying over the U.S., which is allegedly being used for reconnaissance. On Friday, China countered the allegation, saying it was a rogue weather balloon that had been blown off course. The Biden administration isn’t buying that line, calling the balloon a violation of U.S. sovereignty and, in response, has postponed Secretary of State Antony Blinken’s upcoming trip to Beijing. While many are taking advantage of this rare opportunity to make balloon jokes, Republicans are attacking President Biden for not blowing it out of the sky. Below is what we know about this … [Read more...] about China’s Alleged Spy Balloon Tours America: Updates

close Video Suspected Chinese spy balloon floats above Missouri home A suspected Chinese spy balloon has been spotted flying over Missouri. Residents in Montana, Kansas, Missouri, and Illinois may have noticed the Chinese spy balloon hovering above them as the large balloon moves across the U.S. Video obtained by Fox News Digital purportedly shows the foreign object floating in a clear blue sky. The suspected Chinese spy balloon Columbia, Missouri at 2:27pm EST. (Fox News Digital) Map shows approximate path of a suspected Chinese surveillance balloon over Montana, Friday, Feb. 3, 2023. (Fox News) As of Friday, the balloon was hovering over the central U.S. and moving eastward at an altitude of about 60,000 feet, according to the Pentagon . The big white balloon, which is expected to remain in U.S. airspace for a few more days, was apparently visible over Missouri around 12:30 p.m. Friday. CHINA … [Read more...] about Chinese spy balloon: Missouri resident’s video appears to show floating foreign object

Vandalism , claims of torture and pressure campaigns are just some of the heavy-handed tactics enthusiasts have encountered in their quest to find a decent court to play their favorite sport: pickleball. A combination of badminton, tennis and Ping-Pong, pickleball was invented in 1965 as an easy-to-play pastime. After years of quiet popularity, it grew in popularity during the coronavirus pandemic, and devotees now cite it as one of the fastest-growing games in the United States. Sponsors and television networks are showing some interest in the sport, as are celebrities like Jamie Foxx , Stephen Colbert and Ellen DeGeneres . Pickleball has divided some communities over noise complaints and turf wars, but not all experiences resemble plots fit for a Mafia trial. Some cities are embracing the sport. Recently, Redondo Beach, Calif., budgeted $65,000 for new courts and a feasibility study on possibly adding more. Lincoln, Neb., has already spent $200,000 for new courts … [Read more...] about Developers Embrace Passion for Pickleball