Gazans stream back home as Israel-Hamas ceasefire holds
Thousands of Palestinians made their way north along Gaza’s coastline on Saturday — on foot, in cars, and on donkey carts — returning to their a...
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
In a statement, the Federal Open Market Committee (FOMC) said it remains focused on achieving its dual mandate of maximum employment and 2% inflation over the longer term, but acknowledged that uncertainty about the economic outlook has increased.
“The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen,” the Fed said.
The central bank also reiterated its commitment to adjusting monetary policy as needed if evolving risks threaten its economic objectives.
The decision comes amid political turbulence, particularly stemming from U.S. President Donald Trump, who has repeatedly criticized Fed Chair Jerome Powell for what he views as sluggish action in the face of mounting economic risks. Trump has called for aggressive rate cuts, referencing moves by European central banks and claiming that current U.S. policy could stall the economy.
In a string of posts throughout April, Trump called Powell “always TOO LATE AND WRONG” and claimed that “termination cannot come fast enough,” suggesting the Fed’s hesitancy could lead to a broader slowdown.
Despite the political rhetoric, the Fed has gradually reduced rates from a post-pandemic high of 5.5%—held steady from July 2023 to September 2024—to its current level, signaling a measured approach to monetary easing.
Analysts say the Fed’s pause reflects caution amid conflicting signals, including stable job growth, moderating inflation, and growing concerns about the impact of Trump’s tariff policies on global trade and domestic price pressures.
The next rate decision is expected in June, with markets watching closely for signs of whether the Fed will resume cuts or hold steady amid ongoing political and economic uncertainty.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
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