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Fed facing a blurrier outlook as it meets to weigh rate hike

Published Wed, 26 Feb 2025 01:24:46 GMT

WASHINGTON (AP) — The Federal Reserve is grappling with a hazier economic picture clouded by turmoil in the banking industry and still-high inflation just as it meets to decide whether to keep raising interest rates or declare a pause.Yet the Fed will not only have to decide whether to extend its year-long streak of rate hikes despite the jitters roiling the financial industry. The policymakers will also try to peer into the future and forecast the likely path of growth, employment, inflation and their own interest rates. Those forecasts will be released Wednesday, when most economists expect the Fed to announce a relatively modest quarter-point hike in its benchmark rate, its ninth hike since March of last year.The projections this time will be particularly difficult. In their most recent forecasts in December, Fed officials projected that they would raise their short-term rate to about 5.1%, roughly a half-point above the current level. Some Fed watchers expect the policymakers on...

Police investigate double homicide at mobile home in Troy, Missouri

Published Wed, 26 Feb 2025 01:24:46 GMT

TROY, Mo. - Police are investigating a double homicide in Troy, Missouri, on Tuesday night.A spokesperson for the Troy Police Department said the incident occurred around 7:30 p.m. at a mobile home in the area of Eames and East Cherry streets near Casey's general store.When officers arrived at the home, they found a man and a woman. Both were pronounced dead at the scene.The Lincoln County Sheriff's Office is assisting the Troy Police Department in the investigation.Police said they are looking for a male person of interest.This is a developing story, FOX 2 will give updates as more information becomes available.

LAUSD Schools Will Close Again Wednesday As Workers Strike

Published Wed, 26 Feb 2025 01:24:46 GMT

Schools within the LAUSD will be closed again Wednesday, as essential workers head into the second day of a three-day strike.The district and the Service Employees International Union Local 99 (SEIU 99), who represent roughly 30,000 LAUSD employees, have not been able to negotiate a contract, leading to the strike.“We remain ready to return to negotiations,” LAUSD Superintendent Alberto M. Carvalho said Tuesday. “I understand our employees’ frustration that has been brewing for not just for a couple of years, but probably for decades and it is on the basis of recognizing historical inequities, that we have put on the table a historic proposal.”Carvalho’s contract proposal to the LAUSD workers on strike, was for more than 15% ongoing wage increase, 9% retention bonus, equity adjustments for those earning fewer than $30 per hour, health benefits for part-time employees and a $20 minimum wage.SEIU 99 Executive Director Max Arias said the offer was &#...

Ohtani fans Trout, Japan tops U.S. 3-2 for WBC championship

Published Wed, 26 Feb 2025 01:24:46 GMT

MIAMI — Shohei Ohtani emerged from the bullpen and fanned Los Angeles Angels teammate Mike Trout for the final out in the matchup the whole baseball world wanted to see, leading Japan over the defending champion United States 3-2 Tuesday night for its first World Baseball Classic title since 2009.“Whether I got him out or he got a hit off me, I didn’t want to make any regrets. I wanted to make my best pitch,” Ohtani said through an interpreter.He did, and then some.Trying to protect a razor-thing edge, with two outs and nobody on base, Ohtani flashed 100 mph heat in getting Trout to swing and miss at two fastballs. With the count full, Trout waved at a sharp slider to end the ninth inning.“I think every baseball fan wanted to see that. I’ve been answering questions about it for the last month and a half,” Trout said.“Did you think it was going to end in any other way?” he said.Ohtani, the two-way star who has captivated fans across two continents, was voted MVP of the WB...

Another storm hits Bay Area: One killed by fallen tree in Walnut Creek

Published Wed, 26 Feb 2025 01:24:46 GMT

SAN FRANCISCO, Calif. (KRON) -- Tuesday's storm is unleashing fierce winds and pounding rain across the San Francisco Bay Area. Evening commuters are facing a hazardous journey home with many roads slick, flooded, and blocked by toppled trees. One driver was killed in Portola Valley near Highway 280 when trees fell on Alpine Road. After 14 atmospheric rivers, how full are California’s reservoirs? Follow along for the latest Bay Area storm updates:Tuesday, March 219:30 p.m. -- Latest PG&E outage updatePG&E is working to restore power across the Bay Area after strong winds left more than 150,000 customers with outages. The East Bay remains the hardest-hit region, accounting for more than half of the Bay Area's outages.9:30 PMAffected Customers San Francisco31,844Peninsula30,156North Bay 6,777East Bay 80,191South Bay 8,927Bay Area Total157,8959:22 p.m. -- Highway 101 to close Tuesday nightUS-101 will be closed in both directions from Ralston Avenue t...

Jayson Tatum’s 36 points lead Celtics past Kings 132-109

Published Wed, 26 Feb 2025 01:24:46 GMT

SACRAMENTO, Calif. (AP) — Jayson Tatum scored 36 points and the Boston Celtics ended a long road trip on a high note by beating the Sacramento Kings 132-109 on Tuesday night.Boston bounced back from blowing a 19-point lead in Utah on Saturday night by knocking off one of the top teams in the Western Conference. It won four of six on the road trip.Jaylen Brown added 27 points and Derrick White scored 20 to help the Celtics open up a one-game lead over Philadelphia in the Atlantic Division.Domantas Sabonis had 16 points, 13 rebounds and 12 assists for the Kings, who lost consecutive games for the first time since Feb. 3-5. De’Aaron Fox scored 18 points.Sacramento fell 1 1/2 games behind Memphis in the race for second place in the Western Conference. The Kings are trying to clinch their first playoff berth since 2006 — the longest postseason drought in NBA history.Playing their fifth game in seven nights in their fourth time zone, the Kings offered little defensive resistance for...

Amber Alert issued for 2 kids in Stafford County, taken from school

Published Wed, 26 Feb 2025 01:24:46 GMT

Deputies in Stafford County, Virginia, are looking for a mother they said took her two children from school, despite her having an active protective order.The Stafford County Sheriff’s Office is looking for Rosa Gregg, 32, and her two children Riley and Ragan Crowder, both 6.More Stafford County NewsMore Crime NewsRagan has black hair and brown eyes. She is 4 feet tall and weighs 50 pounds.Riley has black hair and brown eyes. She is 4 feet tall and weighs 42 pounds.Both girls were last seen wearing pink long-sleeved T-shirts with yellow smiley faces, blue ripped jeans, Nike shoes with pink swoosh markings and soles, and black jackets with white fur on the hood. Virginia State Police say they believe the children are in “extreme danger.”Gregg has black hair with blond braids and has brown eyes. She is 5 feet, 4 inches tall and weighs 150 pounds. She was last seen wearing a light blue shirt, dark green jacket, tan pants, black boots and glasses.The children were last...

Hellebuyck stops 29 shots, Jets beat Coyotes 2-1

Published Wed, 26 Feb 2025 01:24:46 GMT

WINNIPEG, Manitoba (AP) — Connor Hellebuyck stopped 29 shots to lead the Winnipeg Jets to a needed 2-1 victory over the Arizona Coyotes on Tuesday night.Nikolaj Ehlers and Adam Lowry scored for the Jets, who won for the second time in five games. Hellebuyck recorded his 31st victory in his 55th start of the season.Hellebuyck made a huge save early in the second that drew loud cheers from the crowd at Canada Life Centre.After Nick Schmaltz’s shot hit the post, the puck was in play out front. Michael Kesselring then sent a backhand shot straight at the net but Hellebuyck, from the side of the crease, reached his stick out along the ice and redirected the puck away.“Just another to add to his highlight reel, I guess,” Jets defenseman Josh Morrissey said. “He’s been incredible for us, certainly all year and for a long time. … When they really had their push in the second, he made some massive saves and gave us a chance to regroup in the intermission and to come out in the third an...

Today in History: March 22, First Stanley Cup game played

Published Wed, 26 Feb 2025 01:24:46 GMT

Today in HistoryToday is Wednesday, March 22, the 81st day of 2023. There are 284 days left in the year.Today’s Highlights in History: On March 22, 1894, hockey’s first Stanley Cup championship game was played; home team Montreal defeated Ottawa, 3-1. On this date: In 1765, the British Parliament passed the Stamp Act to raise money from the American colonies, which fiercely resisted the tax. (The Stamp Act was repealed a year later.)In 1882, President Chester Alan Arthur signed a measure outlawing polygamy. In 1941, the Grand Coulee hydroelectric dam in Washington state officially went into operation.In 1945, the Arab League was formed with the adoption of a charter in Cairo, Egypt. In 1963, The Beatles’ debut album, “Please Please Me,” was released in the United Kingdom by Parlophone.In 1978, Karl Wallenda, the 73-year-old patriarch of “The Flying Wallendas” high-wire act, fell to his death while attempting to walk a cable strung between two hotel towers in San Juan, Puerto Rico. I...

Denver weather: mountain snow continues, windy Wednesday ahead

Published Wed, 26 Feb 2025 01:24:46 GMT

DENVER (KDVR) — Denver weather will become rainy and windy on Wednesday as Colorado's mountains get hammered with snow. Weather tonight: More mountain snowColorado's mountains will see scattered snow showers Tuesday night into Wednesday morning. Roads will stay slick and icy in the overnight hours. Denver and the Front Range will see mostly cloudy skies and a low around 30 degrees. Weather tomorrow: High wind warning Wednesday's high temperature in Denver will hit the mid-50s with a 20% chance for rain showers in the afternoon. There is a high wind warning in parts of Southern Colorado and the southeast plains until 8 p.m. Winds will gust up to 65mph in these areas with up to 45mph on the Front Range. Fire danger will be high in Southern Colorado with strong winds. Advisories across Colorado for Wednesday, March 22 The mountains will see scattered snow showers throughout the day. By Wednesday night, parts of southwest Colorado will see up to a foot of snowfall. The central and north...