Fed sees 2 interest rate cuts this year while leaving key rate unchanged
WASHINGTON (AP) — Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March. The Fed kept its key rate unchanged for the fourth straight meeting Wednesday, and said the economy is expanding at “a solid pace. " Changes to the Fed's rate typically — though not always — influence borrowing costs for mortgages, auto loans, credit cards, and business loans. The central...
Read MoreWed, 18 Jun 2025
- Fed sees 2 interest rate cuts this year while leaving key rate unchanged
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- Hegseth says the Pentagon has given Trump options for Israel-Iran conflict
- Air India faces disruptions as crash prompts deeper checks and flight delays
- US unemployment ticked down, hovering at historically low levels
- Supreme Court OKs Tennessee ban on gender-affirming care for kids, a setback for transgender rights
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- Iran's leader rejects call to surrender, saying US intervention would cause 'irreparable damage'
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- EU summons Russia envoy over attack of a diplomat in Vladivostok
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Tue, 17 Jun 2025
- Intense Israeli strikes hit Tehran after Trump demands 'unconditional surrender'
- At least 51 Palestinians killed while waiting for aid trucks in Gaza, health officials say
- G7 leaders fail to reach ambitious joint agreements on key issues after Trump's exit
- UK lawmakers vote to decriminalize abortion amid concern about the prosecution of women
- NYC mayoral candidate Brad Lander arrested at immigration court
- Trump will sign an order extending deadline for TikTok's Chinese owner to sell app
- Sean 'Diddy' Combs is unlikely to testify as judge says jury could get case next week
- Argentine ex-President Cristina Fernndez de Kirchner allowed to serve corruption sentence at home
- Americans turn cautious and retail sales slide after a spring rush to beat tariffs
- US stocks drift lower as oil prices return to rising
- Overnight Russian attack on Ukraine kills 15 and injures 156
- Threats to lawmakers are on the rise, security officials tell senators
- The Latest: Trump calls for a real end to the conflict between Israel and Iran
- Tropical Storm Erick in the Pacific near southern Mexico is expected to become a hurricane
- South Korea ratifies treaty aimed at safeguarding international adoptions
- Minnesota shooting suspect had dozens of potential targets, prosecutors say
Mon, 16 Jun 2025
- Trump is departing the G7 early as conflict between Israel and Iran shows signs of intensifying
- Israel orders 300,000 people in Tehran to evacuate while Trump issues ominous warning
- Doctor charged with supplying Matthew Perry ketamine will plead guilty to distributing the drug
- Suspect in shooting of Minnesota state lawmakers targeted 2 others that night, prosecutors say
- Jurors see clips of 'freak-off' sex marathons central to Sean 'Diddy' Combs' sex trafficking charges
- Things to know about the retrial of Karen Read in the killing of her police officer boyfriend
- Wall Street recovers from Friday's shock as US stocks rise and oil prices ease
- A look at the first artificial solar eclipses created by two European satellites
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- The Latest: Israel strike cuts off Iran's state TV during live broadcast as studio fills with dust
- The Trump family's next venture, a mobile phone company
- UN nuclear agency warns of possible contamination inside Iran's Natanz site after Israeli strikes
- After the Air India flight crashed into a medical campus, the surviving doctors rushed to save lives
- ICE is using no-bid contracts, boosting big firms, to get more detention beds
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Sun, 15 Jun 2025
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- Trump vetoed Israeli plan to kill Iran's supreme leader, US official tells AP
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- In White Sox stadium broadcast, Pope Leo XIV sends message of hope to Chicago and the US
- At least 8 dead in shooting near Israeli and US-supported aid sites in Gaza
- Remains of Air India crash victims are handed over to relatives
- 2 killed and 32 injured after a bridge collapses at a tourist destination in western India
- G7 leaders gather in Canada for a summit overshadowed by Israel-Iran crisis and trade wars
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- 4 years after Haiti's president was killed, the investigation drags on
Sat, 14 Jun 2025
- Military parade rolls through DC as 'No Kings' protesters across US decry Trump
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- Israel targets Iran's Defense Ministry headquarters as Tehran unleashes deadly missile strike
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- The Latest: Iran fires more missiles at Israel after Israeli military continues strikes
- Officials tell the AP they are searching for a 57-year-old man in shooting 2 Minnesota lawmakers
- Zelenskyy warns oil price surge could help Russia's war effort
- David Beckham, Gary Oldman, Elaine Paige and others honored by King Charles III
- Israeli strikes on Iran's nuclear program are sweeping but can they decimate it?
- Trump says Iran has 'second chance' to come to nuclear deal as Israel and Iran exchange blows
- Key moments from the fifth week of Sean 'Diddy' Combs' sex trafficking trial
Fri, 13 Jun 2025
- Israel strikes Iran's nuclear sites and kills top generals. Iran retaliates with missile barrages
- The Latest: Israel attacks nuclear program in Iran, drawing waves of missiles
- Marines take over some security in LA while cities across US prep for 'No Kings' rallies
- US helps Israel shoot down barrage of Iranian missiles
- Oil prices leap 7% and US stocks slump more than 1% on worries about the crude market
- Trump administration gives personal data of immigrant Medicaid enrollees to deportation officials
- Rapper Ye, formerly known as Kanye West, shows up for Sean 'Diddy' Combs' trial but can't get in
- Jury begins deliberating whether Karen Read is guilty of murder in Boston police boyfriends death
- Appeals court temporarily blocks judge's ruling to return control of National Guard to California
- Kilmar Abrego Garcia pleads not guilty to human smuggling charges in Tennessee federal court
- Air India black box recovered after crash that killed 241 onboard and several others on the ground
- Judge blocks Trumps election executive order, siding with Democrats who called it overreach
- South Africa's president visits flood sites with death toll at 78 and expected to climb
- Air India's sole crash survivor narrates his escape
- What to know about the Air India plane crash that killed more than 240 people
- Homeland Security secretary pledges to carry on with Trumps immigration crackdown
Thu, 12 Jun 2025
- Sean 'Diddy' Combs' lawyer complains about trial secrecy as a famous rapper's name goes unmentioned
- J.J. Spaun leads U.S. Open at Oakmont on a wild day of great shots and shockers
- Mike Love and John Stamos pay tribute to Beach Boys' Brian Wilson
- At least 5 dead and 2 missing in San Antonio after heavy rains flood parts of Texas
- Nationwide protests against immigration raids escalate, leading to arrests and curfews
- Fiery Air India crash kills 241 people aboard, leaving 1 survivor, airline says
- House approves Trump's request to cut funding for NPR, PBS and foreign aid
- Bruce Springsteen, Paul McCartney, Mike Love and Elton John react to the death of Brian Wilson
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- Iran announces a new nuclear enrichment site after UN watchdog censure
- Gov. Abbott deploys over 5,000 Texas National Guard troops ahead of planned 'No Kings' protests
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- Russia's military casualties top 1 million in 3-year-old war, Ukraine says
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- A grassland bird eavesdrops on prairie dog calls to keep itself safe from predators
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