- The Fed raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets.
- The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of 2023.
Read More at reuters.com
- Former President Donald Trump appeared unlikely to face criminal charges on Wednesday after a law enforcement source said a grand jury investigating alleged illegal hush-money payments to porn star Stormy Daniels would not meet again before Thursday.
- The grand jury, a panel of U.S. citizens residing in Manhattan, has been considering evidence in one of many legal probes swirling around Trump as he mounts a comeback bid for the 2024 Republican presidential nomination.
Read More at theprint.in
- Google defended its use of "history-off chats" for many internal communications, denying the US government's allegation that it intentionally destroyed evidence needed in an antitrust case.
- The history-off setting causes messages to be automatically deleted within 24 hours.
- The US government and 21 states last month asked a court to sanction Google for allegedly using the auto-delete function on chats to destroy evidence and accused.
Read More at arstechnica.com
- President Biden awarded Bruce Springsteen the National Medal of Arts on Tuesday, the highest honor given to artists by the United States government.
- Springsteen was supposed to be honored in 2021, but the ceremony — also slated to award Gladys Knight, Jose Feliciano, Julia Louis-Dreyfus, Mindy Kaling, artist Judith Francisca Baca, radio station owner Fred Eychaner, the International Association Of Blacks In Dance, the Billie Holiday Theatre, and painter Antonio Martorell Cardona — was canceled due to COVID-19.
Read More at consequence.net
- The United States will deliver Abrams tanks to Ukraine by the fall of 2023 — significantly faster than expected — while Patriot air defenses will also arrive on an “expedited timeline,” the Pentagon said Tuesday.
- In coordination with Kyiv, Washington “made the decision to provide the M1A1 variant of the Abrams tank,” Press Secretary Brigadier General Pat Ryder told journalists.
Read More at thedefensepost.com
