The Federal Reserve hit pause on interest rate hikes, but more could be in the cards. And the Vegas Golden Knights captured their first Stanley Cup title. |
👋 Hey! Laura Davis here. Let's get you caught up on Wednesday's news. |
Fed pauses interest rate hikes but more likely |
And then the Fed rested. After its sharpest flurry of interest rate hikes in four decades, the Federal Reserve held its key rate steady Wednesday but signaled two more increases are likely this year as officials continue to battle high inflation. That's more projected hikes than financial markets and many economists anticipated. For now, the benchmark rate will remain at a range of 5% to 5.25% after a streak of 10 consecutive hikes. 📉 Will rates keep going up? We break it down. | Kathleen Immel Cross sorts through her mail in Pinson, Ala., some of which are bills. The Fed did not raise its key interest rate Wednesday, after ten consecutive hikes aimed at curbing inflation. Bob Farley, For USA TODAY |
SEC, Big Ten each top $2 billion in athletic department revenue |
Schools in the SEC and Big Ten have proven that college sports are back and raking in the cash. The conferences' earnings show a significant, expected rebound from 2021 amounts that were heavily impacted by the COVID-19 pandemic, a USA TODAY Sports analysis shows. The figures also expose disparities that already exist between those two conferences and the rest of their Power Five peers – gaps that seem almost certain to grow as big-name schools move to the SEC and Big Ten in the coming years. 🏈 How some schools are at a disadvantage. |
What everyone's talking about |
GOP rivals pounce after Trump's second indictment |
Most Republican candidates had been reluctant to discuss the indictment accusing former President Donald Trump of hoarding sensitive classified documents – probably fearful of alienating Trump's large political base. But as more details emerge, and despite Trump's aggressive denials, that's changing by the day. Trump's former vice president, Mike Pence – who criticized the indictment as recently as Saturday – has joined the growing list of 2024 Republican candidates who are now starting to attack him over the criminal charges he's facing. Other notables who have also stepped up criticism of Trump include former South Carolina Gov. Nikki Haley and U.S. Sen. Tim Scott. 👀 Take a look at who's saying what. | President Donald Trump and Vice President Mike Pence at the White House in 2020. The two are now competing for the 2024 GOP presidential nomination. MANDEL NGAN, AFP via Getty Images |
Vegas Golden Knights score first Stanley Cup title |
From the very start, Vegas Golden Knights owner Bill Foley's goal was to win a Stanley Cup by the team's sixth season. His dream came true on Tuesday night when the Golden Knights routed the Florida Panthers 9-3 to capture the franchise's first NHL championship. The Panthers had pulled off upset after upset to reach the Final but fell to the deep Golden Knights, who went efficiently through the playoffs, winning their title in 22 games. Captain Mark Stone scored a hat trick, the first in a Stanley Cup Final since 1996, and the Golden Knights pulled away in a dominant second period. 🏒 How the game played out. | The Vegas Golden Knights with the Stanley Cup after defeating the Florida Panthers 9-3 at T-Mobile Arena on Tuesday. Lucas Peltier, USA TODAY Sports |
Laura L. Davis is an Audience Editor at USA TODAY. Send her an email at laura@usatoday.com or follow along with her adventures – and misadventures – on Twitter. Support quality journalism like this? Subscribe to USA TODAY here. | | | | Haley and Hanna Cavinder said an interview for an article in The Free Press 'was obtained by a false pretense.' | | | | A New York woman refused to get into a car driven by her drunk coworker and decided to walk instead. She was struck and killed him, police said. | | | | A 34-year-old Alaska hunter fatally shot the animal after being attacked, officials said. The female bear was accompanied by cubs. | | | | The passion of Athletics fans was on full display Tuesday night during their "reverse boycott." Unfortunately, passion cannot compete with greed. | | | | The food combo is available nationwide until August 6 and includes a variety of Jack's popular items. | | | | There are 14 identified tarantula species Texas with the most known being the Texas brown tarantula. After mating sometimes females eat their partner. | | | | Former UFC champion Conor McGregor shocked basketball fans when he clocked Burnie the Heat mascot during the NBA Finals. He speaks on the incident. | | | | One person is dead and three are injured after a portion of a roof collapsed at Friendswood High School in Texas, officials said. | | | | On The Kelly Clarkson Show last week, Trainor, 29, and Clarkson, 41, talked about the realities of facial hair in women, particularly as women age. | | | | Nearly 200 people in the U.S. may have been exposed to a deadly form of fungal meningitis at two clinics in Matamoros, Mexico, health officials say. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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