The Federal Reserve kept interest rates steady at 3.5-3.75% as expected, but a split 8-4 vote highlighted dissent over future rate cuts. This was the first time since October 1992 that four FOMC members dissented. Chairman Jerome Powell signaled he would stay on the Board until a renovation investigation concludes. Brent Chute of Northwestern Mutual noted the split underscores potential future dissents and the uncertain economic outlook amid persistent inflation around 3% since late 2023, suggesting a challenging period ahead for the new Fed leadership.
Pope Leo XIV has become the first pope to vote in a U.S. general election. The Vatican confirmed Friday that the Chicago-born pontiff had submitted a mail-in ballot in Chicago ahead of November's midterm elections, citing his long-standing belief in civic participation.
The horse-drawn carriages that have cruised through Central Park for more than 150 years will soon be banished from New York City, ending an iconic tradition beloved by tourists but long opposed by animal welfare activists.
Trees fell onto homes and utility poles were knocked down by a possible tornado in a central Arizona community during a series of violent storms that moved through the state overnight into Thursday.
The Orionids — one of two major meteor showers caused by remnants from Halley's comet — will peak this week, though a large moon will dim visibility until after it sets late at night.
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