Monday, December 23, 2024
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Federal Reserve slashes interest rates for the first time in over a year


The Federal Reserve announced a 0.5% cut in interest rates, the first cut since 2020 and the largest decrease in 16 years. NBC’s Christine Romans explained the implications of the rate cut for viewers. In other news, the body of a suspected Kentucky highway shooter was found, while Sean ‘Diddy’ Combs was denied bail for the second time. There was also pushback on Trump campaign themes on immigration, and former CIA director John Brennan warned of escalating tensions after Hezbollah devices exploded. Lebanese walkie-talkies exploded in a wave of attacks, and the founders of Nori discussed their successful steam iron business. Teens are using AI for school, and parents should be aware of the implications. Kate Middleton returned to royal duties after chemotherapy, while Simone Biles narrowly missed winning a fourth gold medal. The Polaris Dawn crew reminisced about a historic spacewalk, and a zoo made safety changes due to a popular baby hippo. Tua Tagovailoa was placed on injured reserve after a concussion on-field, and a cabin pressure issue on a Delta flight caused injuries. Amazon announced a return to office policy, indictments against Sean ‘Diddy’ Combs were unsealed, and Hezbollah vowed revenge after exploding pagers injured thousands.

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