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Why the Federal Reserve is lifting rates now, and what it means

WASHINGTON (AP) — About six weeks ago, Federal Reserve Chairman Kevin Warsh announced that a divided central bank was keeping its key interest rate unchanged. But on Wednesday, the Fed’s rate-setting committee unanimously agreed to a rate hike, and nearly all policymakers signaled that a second increase later this year would likely be appropriate. So what changed? In short, the renewed fighting in the Middle East has pushed up gas prices again. And there are signs the economy is still growing at a healthy pace even as inflation stays stubbornly high. All three factors appear to ...

A border surge reshaped America. Now, data shows who 4.5 million migrants were and where they went

An unprecedented surge in border crossings over the past decade reshaped America: Millions of people from more than 150 countries arrived, bringing the U.S. immigrant population to its highest levels ever. Now, data obtained exclusively by The Associated Press paints a picture of who these migrants are, where they went, and what happened after the border. Some went to cities that have long been magnets for immigrants — New York, Miami — but increasingly, others found their way to smaller cities with less developed immigrant footholds. Blocks, neighborhoods and entire cities were ...

Bail set for ICE officer accused of lying and assault in non-fatal shooting in Minneapolis

MINNEAPOLIS (AP) — A federal immigration officer charged with shooting and wounding a Venezuelan man in January and lying about the circumstances to investigators made a brief initial appearance Thursday before a Minnesota judge after state authorities arrested him ahead of a separate hearing in federal court. During Thursday’s hearing, Judge Paul Scoggin granted Immigration and Customs Enforcement officer Christian Castro bond. Castro wore an orange jumpsuit and appeared behind a glass enclosure. His attorney, Daniel Gerdts, declined to comment after the hearing. Castro was ...

A sweeping US sanctions bill offers Ukraine new leverage on Russia, but enforcement looms

KYIV, Ukraine (AP) — Ukraine has long argued that Russia will only negotiate seriously if the cost of continuing the war becomes too high. For Kyiv, punitive sanctions that impose real economic costs on Moscow are a key part of that strategy. This week’s passage of a long-sought, sweeping package of U.S. sanctions aimed at cutting off some of the financial resources President Vladimir Putin relies on to fund the war gives Ukraine another potential source of leverage, but its impact may depend on whether and how aggressively the measures are implemented by the United States. The ...

Today in History

On Sept. 18, 2020, Supreme Court Justice Ruth Bader Ginsburg, a towering champion of women’s rights who became the court’s second female justice, died at her home in Washington at age 87 of complications from pancreatic cancer. Also on this date: In 1793, President George Washington laid the cornerstone of the U.S. Capitol. In 1850, Congress passed the Fugitive Slave Act, which created a force of federal commissioners charged with returning escaped slaves to their owners. The act was repealed in 1864 during the American Civil War. In 1851, the first edition of The New York ...