内容摘要：Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months, rather than cut them anytime soon. Higher borrowing costs can help slow the economy and cool inflation. Wall Street investors, meanwhile, now expect five interest rate cuts this year, a number that has increased

Powell’s focus on inflation suggests that the Fed will likely keep its benchmark interest rate unchanged at about 4.3% in the coming months, rather than cut them anytime soon. Higher borrowing costs can help slow the economy and cool inflation. Wall Street investors, meanwhile, now expect five interest rate cuts this year, a number that has increased

while playing a team-high 33.9 minutes per game.ISTANBUL (AP) — Turkey’s central bank raised its key interest rate by 3.5 percentage points on Thursday,

as it confronts stubborn inflation,and aftershocks of global tariffs.The Monetary Policy Committee lifted the benchmark one‑week repo rate to 46% from 42.5% and pushed the overnight lending and borrowing rates to 49% and 44.5%, respectively.

The committee said the “tight monetary policy stance will be maintained until a permanent decrease in inflation and price stability are achieved.”“The main trend in inflation declined in March,” the committee noted, but warned that core goods inflation is likely to rise slightly in April “due to developments in financial markets,” while services inflation should remain flat.

It added that growing protectionism in global trade, referring to the aftermath of global retaliatory tariffs, could undercut Turkey’s disinflation path by affecting commodity prices and capital flows.

Iris Cibre, a financial markets expert, called the decision “very positive” for the bank’s credibility, which experts criticized in the past for being open to political interventions in its decision making.Whitehouse replied that Zeldin should explain why Justice Department lawyers, speaking under oath on behalf of the agency, have “said that everything you just said is not true. That’s what I want.”

A lawyer for the EPA told a federal appeals court this week that the agency was “not accusing anybody of fraud” in a separate dispute over its termination of $20 billion in grants under a so-calledprogram to finance clean energy and climate-friendly projects nationwide.

MADISON, Wis. (AP) — A Wisconsin appeals court judge who was an outspoken supporter of abortion rights in the state Legislature announced Tuesday that she is running for the, taking on an incumbent conservative justice who sided with President Donald Trump in his failed attempt to overturn his 2020 election loss.