Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cutThe Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans,…The Atlanta Journal-Constitution22d agoWhole story →EconomyBuildfederal reserve rate hike
Dr. Nicole Saphier, Trump's 3rd surgeon general pick, faces Senate questions over her vaccine stanceDr. Nicole Saphier, President Donald Trump’s nominee for surgeon general, has faced scrutiny over her stance on childhood vaccines. At a Senate confirmation hearing Wednesday, she was questioned about vaccines causing autism, a theory promoted by Trump and Health Secretary Robert F. Kennedy Jr. Widespread scientific consensus has concluded a link between…The Atlanta Journal-Constitution22d agoWhole story →Healthsurgeon general confirmation hearing
Federal prosecutors charge 3 in alleged $12M homelessness aid fraud in Southern CaliforniaFederal authorities have charged three people with stealing $12 million in homelessness aid, allegedly using the money to buy real estate, take luxury trips, and purchase vintage vehicles. This is the second arrest in Southern California this week related to federal fraud charges. On Tuesday, 12 people were charged with stealing over $10 million in…The Atlanta Journal-Constitution22d agoWhole story →BuildJusticehomelessness aid fraud arrests
Amsterdam Walk redevelopment seeks Atlanta incentives for new apartmentsInvest Atlanta, which includes Mayor Andre Dickens as its board chair, will vote Thursday on an incentive package request by developer Portman Holdings.The Atlanta Journal-Constitution22d agoWhole story →EconomyBuildAndre Dickensamsterdam walk redevelopment vote
MARTA CEO joins transit leaders asking feds for more safety dollarsMARTA CEO Jonathan Hunt joined the leaders of the nation's largest transit agencies to push for more federal funding to address safety and security.The Atlanta Journal-Constitution22d agoWhole story →BuildJusticenational transit safety summit
Asian stocks mostly higher ahead of Fed's interest rate decisionAsian shares are mostly higher as investors await the Federal Reserve’s decision with high expectations of an interest rate hike. U.S. futures have also edged higher. There is widespread expectation that the Fed will hike rates on Wednesday for the first time in three years as inflation remains elevated and above the Fed’s target. In Asia, artificial…The Atlanta Journal-Constitution22d agoWhole story →TechnologySecurity
