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.
Community members are coming together next month for "Tee Off for Doc," a lively night of mini golf, local trivia, and live music at minibar in support of a local family following a recent kidney transplant
A Minnesota man who pounded on Democratic lawmakers' doors in the middle of the night while posing as a police officer, killing the state House speaker and her husband and wounding a state senator and his wife, pleaded guilty to murder Thursday so that federal prosecutors would not seek the death penalty.
The opening of a Canadian-U.S. bridge across the Detroit River that President Donald Trump previously threatened to block was delayed on Thursday due to unresolved issues.
Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.
