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A Fed still wary of inflation is set to raise rates to a 22-year peak. Will it be the last hike?

Published Sat, 22 Feb 2025 10:58:34 GMT

WASHINGTON (AP) — Even after inflation has steadily eased this year, the Federal Reserve’s policymakers still think prices are rising too fast and are almost certain to lift their key interest rate by a quarter-point on Wednesday. A rate increase, the 11th in 17 months, would raise the Fed’s short-term rate to roughly 5.3%, the highest level since 2001. As with its previous rate hikes, Wednesday’s increase would likely further elevate the costs of mortgages, auto loans, credit cards and business borrowing.Another hike is widely expected despite a run of encouraging news that has sent stock prices steadily higher, boosted consumer confidence and brightened hopes that the Fed can pull off a difficult “soft landing,” in which inflation would continue to slow toward the Fed’s 2% target without sending the economy tumbling into a recession.Inflation amounted to just 3% in June compared with a year earlier, down drastically from a peak of 9.1% in June of last year. Consu...

Today in History: July 26, Hillary Clinton is nominated

Published Sat, 22 Feb 2025 10:58:34 GMT

Today in History Today is Wednesday, July 26, the 207th day of 2023. There are 158 days left in the year. Today’s Highlight in History: On July 26, 2016, Hillary Clinton became the first woman to be nominated for president by a major political party at the Democratic National Convention in Philadelphia. On this date: In 1775, the Continental Congress established a Post Office and appointed Benjamin Franklin its Postmaster-General.In 1847, the western African country of Liberia, founded by freed American slaves, declared its independence. In 1863, Sam Houston, former president of the Republic of Texas, died in Huntsville at age 70. In 1945, Winston Churchill resigned as Britain’s prime minister after his Conservatives were soundly defeated by the Labour Party. Clement Attlee succeeded him. In 1947, President Harry S. Truman signed the National Security Act, which reorganized America’s armed forces as the National Military Establishment and created the Central Intelligence Agency.In 1...

Woman rescues hawk in Denver, sets up fundraiser

Published Sat, 22 Feb 2025 10:58:34 GMT

DENVER (KDVR) -- A hawk is now recovering thanks to the quick thinking of a Denver woman.  Kitty Elkins said the young hawk was thrown from its nest at Chaffee Park in Denver during a storm on Sunday. “My friends and family say I get myself into nutty situations now and then, but I definitely didn’t think I was going to be riding in the carpool lane with a hawk,” Elkins said. She said Animal Protection Services came out, assessed the hawk and helped it back into the tree, but the next day she spotted it on the ground, again.  Search still underway for 5th orphaned bobcat in Louisville "The next day when I was driving back into my neighborhood, I saw dogs swarming something and I kind of knew in my gut that it was probably the hawk from the day before, and it was,” Elkins said. With the help of a stranger, Elkins said they loaded the injured hawk into her minivan and brought the hawk, who she named Cooper, to the Birds of Prey Foundation in Broomfield....

Iconic Arvada rental shop targeted by thieves

Published Sat, 22 Feb 2025 10:58:34 GMT

ARVADA, Colo. (KDVR) -- A long-standing Arvada business was the victim of brazen bandits, and the entire theft was caught on camera.Arvada Rent-Alls has been a part of the Ralston Road landscape since 1963.The president and chief executive officer said the family-run business was hit Monday morning, at about 4:20. The total estimated loss was about $15,000. Colorado businessman gets over 5 years in prison for ‘We Build The Wall’ fundraiser fraud “Anytime someone thinks they’re entitled or owed, or anything like that," owner Andrew Heesacker said. “To take advantage of a small business, um, really brings a lot of frustration, and, a little bit of hostility, as well.”Arvada Police are investigating the burglary and ask anyone who may recognize the suspects to call 720-898-6900.

Israel’s crisis is just beginning

Published Sat, 22 Feb 2025 10:58:34 GMT

JERUSALEM — It’s a strange experience to observe the place you live in slide from controlled crisis into utter chaos in just under 24 hours.Crisis is a fairly common situation in Israel. There is always something going on. Hamas launches rockets; Israelis enjoy brunch. Hezbollah threatens to annihilate the country; Israelis know their air force will chortle.This may be one of the reasons Israelis developed a “there he goes again” indulgence toward Benjamin Netanyahu, the country’s longest-serving prime minister, and an eternal bad boy of local politics. Last November, he managed to pull off reelection, barely, while on trial for corruption.Yet this time — with skunk water cannons turned on peaceful protesters, army reservists resigning and global banks and credit ratings agencies downgrading Israel — Israel’s seven-month crisis is past and chaos has taken over. It feels as if the country’s DNA has been transformed. As always, it’s been a long time coming, but the change feels b...

Spain election: Feijóo’s numbers don’t add up

Published Sat, 22 Feb 2025 10:58:34 GMT

MADRID — Alberto Núñez Feijóo may not want to admit it but his hope of being Spain’s next prime minister may have to be lowered. On Monday night, the leader of the center-right Popular Party, which won the most votes in last Sunday’s national election in Spain but fell short of securing a governing majority, was left without options to form a government after two key regional parties rejected his overtures.To become Spain’s prime minister, a candidate whose party has not secured a governing majority needs to either get the backing of 176 of the total 350 MPs in an initial vote in parliament or wait for a second round of voting to secure a simple majority. MPs can also abstain, which means it can be difficult to determine the exact number of seats needed for a successful bid to form a government.In a speech after a meeting of the Popular Party’s executive committee, Feijóo reaffirmed his determination to gather the support needed to advance with his candidacy,...

Mets get Subway Series win over Yankees after Pete Alonso hits two home runs

Published Sat, 22 Feb 2025 10:58:34 GMT

Pete Alonso went 12 games without a home run. Then he uncorked two of them Tuesday night at Yankee Stadium to help the Mets defeat the Yankees, 9-3, in the third game of the Subway Series. The Mets have a 2-1 lead in the series, which started last month with two games at Citi Field and will conclude this week with two in the Bronx.The Amazins’ started the day 7.5 games back from an NL Wild Card playoff spot. The team knows they have a steep mountain to climb to get into playoff contention and that this is their last chance to stave off a fire sale. If they’re going to climb this mountain, they need their best players to play to carry them up.Alonso, who now has 29 home runs, has to be one of those players.It’s pretty wild to think that the team that boasts a historically high payroll is even contemplating selling talent at the deadline, but even wilder to think that the fate of the rest of the season is coming down to a few games, two of them against the Yankees. B...

Kyle Hendricks continues to find a rhythm calling his own game with PitchCom in Chicago Cubs’ 7-3 win over the White Sox

Published Sat, 22 Feb 2025 10:58:34 GMT

Chicago Cubs right fielder Seiya Suzuki has thank-you gift headed his way courtesy of teammate Kyle Hendricks.Suzuki’s leaping catch robbed Yoán Moncada of a grand slam in the seventh inning as the White Sox threatened to put themselves back into the game with one swing. Suzuki’s well-timed snag stole the Sox’s mounting momentum as the Cubs held on for a 7-3 victory Tuesday in front of 37,079 fans for the first sold-out crowd of the season at Guaranteed Rate Field.The play earned Suzuki more than just praise from Hendricks. To show his appreciation, the veteran pitcher asked Suzuki whether he prefers liquor or beer.“He’s a big beer fan so easy for me,” a smiling Hendricks said after the game.Dansby Swanson, who produced his first multihomer game as a Cub, took a different approach.“I told him, ‘I’m not going to give you a high-five for it because that’s what I expect you to do,’” Swanson said with a grin. &...

Wrexham AFC beats Manchester United at Snapdragon Stadium

Published Sat, 22 Feb 2025 10:58:34 GMT

SAN DIEGO -- Wrexham AFC defeated Manchester United, 3-1, in front of a sold-out crowd Tuesday at Snapdragon Stadium.Elliot Lee, Aaron Hayden and Sam Dalby scored for Wrexham while United struggled to find the back of the net after the Red Devils' midfielder Daniel Gore was given a red card for his slide tackle on Wrexham's Andy Cannon.Marc Jurado scored the lone goal for United. San Diego homeless encampment ban begins Sunday, in certain areas The highly-anticipated game was a friendly pre-season match on Manchester United’s tour of the U.S. The tour marks the football club’s first stateside visit in more than five years.Welsh soccer club Wrexham recently gained the public's attention from its documentary "Welcome to Wrexham" about owners and actors Rob McElhenney and Ryan Reynolds learning how to run the team.

Bicyclist seriously hurt in downtown San Diego crash

Published Sat, 22 Feb 2025 10:58:34 GMT

SAN DIEGO -- A bicyclist is fighting for her life after being hit by a vehicle Tuesday in the Gaslamp Quarter neighborhood, authorities said.The crash occurred around 11:13 a.m. on 400 Market Street, Officer David O'Brien with the San Diego Police Department said in a news release.A 56-year-old woman riding an electric bike and 58-year-old man driving a silver 2006 Chevrolet Silverado were stopped in traffic, when the light turned green and the Silverado sideswiped the bicyclist, according to police. Powerball ticket with 5 numbers sold in Spring Valley The bicyclist was taken to a local hospital with life-threatening injuries, O'Brien confirmed.Police say the driver of the Silverado remained at the scene and cooperated with officers.Anyone with information related to the above incident is encouraged to call the listedCommand handling the investigation or Crime Stoppers at 888-580-8477.