Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.
The major averages rallied on Wednesday after the Federal Reserve maintained its 2025 outlook for two interest rate cuts.
Tesla CEO Elon Musk spent hundreds of millions to help President Donald Trump win a second term. His electric vehicle maker is paying a price for that.
The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.
Vladimir Putin insisted that any peace deal must include a "complete end" of Western military and intelligence support for Kyiv.
The Defense Ministry called the attack a “carefully planned provocation by the Kyiv regime aimed at undermining... peace initiatives.”
Western officials say Russian intelligence agencies have waged a shadow war to weaken support for Ukraine since Moscow’s full-scale invasion.
The move marks a rare case of a Russian company expanding into the European market since the full-scale invasion of Ukraine.
“I do not believe that we should make any concessions in terms of assistance for Ukraine,” Zelensky said at a press conference in Helsinki.
Prosecutor General Igor Krasnov said his office had identified “miscalculations” in disaster response efforts carried out by emergency officials.