The Federal Reserve on Wednesday raised interest rates to 5.25 percent, up from 5 percent, in an attempt to tame inflation.
According to The New York Times, it was the 10th straight increase, and the new rate is the highest since 2007.
Typically, interest rate increases are intended to cool down a too-hot economy by making the purchases of goods and services more expensive. But some economists suggest it could make inflation worse as businesses could simply pass the costs of borrowing onto consumers.
Suspect held in Atlanta shootings
A man accused of opening fire in the waiting room of a medical office in Atlanta Wednesday has been arrested. The shooter killed one woman and wounded four others.
Taken into custody was Deion Patterson, 24. According to the Associated Press, Patterson had an appointment earlier at the medical office and after arriving began shooting.
The deceased woman was identified as Amy St. Pierre, 39. The motivation for the rampage is still under investigation.
Sports: Ohtani joins with the Babe
Two-way star Shohei Ohtani became just the second player in big league baseball history – Babe Ruth was the other – to have 500-plus strikeouts and 100-plus home runs in the Los Angeles Angels’ 6-4 win over the St. Louis Cardinals on Wednesday. He struck out 13 batters in five innings, but also yielded five hits and four earned runs and two homers.
But the Angel hitters saved the day with three ninth-inning home runs by Mike Trout, Jake Lamb and Brandon Drury. Ohtani had a good day at the plate, too, going 3-for-5 with one RBI and one run scored.
With the win, the Angels have three victories in a row and are 17-14 and in second place in the American League West.
The Los Angeles Dodgers rolled to their sixth straight win Thursday, beating the Philadelphia Phillies 10-6 with six runs in the last two innings. The key hit was Max Muncy’s walkoff grand slam in the ninth inning.
Now 19-13, the Blue Crew leads the National League West by 1.5 games over the Arizona Diamondbacks,
Weather: Rainy Day Thursday
Well, it had to happen eventually. Morning showers are expected Thursday in the West Orange County area. Chance of rain is given at 62 percent. The daytime high is 63 with an overnight low of 53. Partly cloudy conditions should return on Friday with a high of 65 (53). Mostly cloudy skies are forecast for Saturday with a high of 65 (54). But hang in there; mostly sunny is the prediction for Sunday.
Categories: The Wider World
Leave a Reply