Markets rose Friday after Federal Reserve Chair Jerome Powell appeared to open the door to lowering interest rates, something analysts say would help boost overall activity in the U.S. economy but at the risk of spurring inflation.
MIAMI — Environmental groups who brought a lawsuit forward to halt operations at “Alligator Alcatraz” said Friday they are “cautiously optimistic” following a judge’s ruling that while the Florida migrant detention facility can remain operational, it cannot be expanded or used to detain additional migrants
Federal Reserve Chairman Jerome Powell said that rising concerns over the job market could result in an interest rate change next month. The comments resulted in a sharp rise in stock prices.
Amid suffocating temperatures, the Iranian authorities are closing public offices and cutting water and electricity as the country struggles with an energy crisis.
Joe Gruters, a Florida state senator and longtime ally of President Donald Trump, was officially elected Friday to serve as chairman of the Republican National Committee Friday during the party’s summer meeting in Atlanta.
