The Fed Raises Interest Rates For the First Time in Three Years

The Fed raised rates by a quarter percentage point, its first interest rate rise since 2023.

Inflation is too high and has been for too long, while the labor market remains strong.

Fed officials' patience was wearing out because inflation has been above target for five years.

The Fed's rate hike decision is unfortunate.

Investors are reassured that Chairman Warsh navigated to a rate hike despite being picked by Trump. A White House spokesman called the decision unfortunate and stocks turned lower.

Most officials expect at least one more rate hike this year, with a few thinking two more are possible.

The Dow fell 630 points, bank stocks were hard hit, and the ten-year yield settled above five percent.

Ninety-three percent of polled business leaders said Trump was incorrect about AI dangers being a hoax.

AI companies should solve safety questions themselves through engineering.

It is up to each AI company to ensure their products are safe.

States haven't obtained COVID-19 shots from the CDC, delaying distribution to children.

COVID-19 does not follow seasonal patterns and vaccine procurement decisions are still being finalized.

The U.S. plans a $2.8 billion arms sale to Israel including heavy bombs and bunker-busting warheads.

He opposes the arms sale because of how the weapons would be used.

The Houthis seized the Bab al-Mandeb Strait, sending global oil prices higher.

They claimed responsibility for shooting down a Saudi F-15 fighter jet.

The Houthi-Saudi relationship is poor, with the Houthis hitting Saudi oil infrastructure and allegedly targeting Mecca. The Houthis use guerrilla 'scoot and shoot' tactics and Iranian-supplied weaponry to disrupt shipping.

Disrupted Saudi oil exports will increase demand and drive up global oil prices. Global market dynamics mean price increases will affect everyone despite U.S. domestic production.