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Trump Ice Maiden Hit With New Imposter Plot After Embarrassing Breach The Daily BeastBurnham exchanged messages with impersonator of top Trump aide politico.euU.K. Prime Minister Andy Burnham exchanged messages with someone impersonating top Trump aide Susie Wiles CBS NewsBurnham exchanged messages with White House imposter BBCUK's Burnham Exchanged Messages With Susie Wiles Impersonator
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Kushner meets Hamas leaders in Egypt to push Trump's Gaza plan Al JazeeraKushner Meets With Hamas to Advance Trump's Gaza Plan The New York TimesMiddle East live: US envoy Kushner to meet Netanyahu after talks with Hamas France 24Trump envoy Kushner meets Hamas leader to push Gaza peace plan BBCLive updates: Jared Kushner
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Live updates: Jared Kushner meets with regional leaders as multiple conflicts roil the Middle East CNNInside Kushner's Hamas meeting: What comes next in Gaza AxiosTrump's envoys meet with Egyptian, Qatari and Turkish mediators in Cairo as Israel strikes Gaza CNBCTrump envoy Kushner meets Hamas leader to push Gaza peace plan BBCKushner Meets With Hamas to Advance Trump's Gaza Plan The New York Times
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Trump says White House needs ‘military complex' as courts block his ballroom washingtonpost.comSupreme Court emergency docket roars back The HillNew White House East Wing renderings reveal gold additions AxiosStatement on Emergency Application to the Supreme Court National Trust for Historic Preservation
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The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points. (A basis point equals 0.01%.)
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Although the move matched consensus expectations, a significant portion of the bond market - and plenty of traders and tacticians, for that matter - were bracing for a whopping 100 bp rate hike. Uncertainty over just how hawkish the Fed would reveal itself to be has cast a pall on equities over the preceding weeks, and so a rate hike of "only" three-quarters of a percentage point was actually met with some relief. Stocks sold off sharply when the Fed released its statement at 2 p.m. Eastern, but then drifted back into positive territory during Powell's press conference, which began a half-hour later.
Ultimately, however, the major indexes finished in the red. That's because the Fed's bottom line is that inflation is by no means under control. And while there might be ample anecdotal and emotional evidence pointing to the contrary, the economy is simply running too hot. An imbalance in supply and demand in the labor market and related strong real wage growth, snarled supply chains and a rising dollar are just some of the factors confounding monetary policymakers - not to mention corporate revenues and profit margins.
As we've
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