Your Cheddar hosts Kristen Scholer and Tim Stenovec recap the day's biggest news stories.
The Federal Reserve will wrap up its two-day policy meeting Wednesday afternoon. The central bank is likely to raise short-term interest rates by a quarter percentage point. This would be the 5th such increase since the Fed began raising rates from near zero two years ago.
Plus, as more investors rushed to buy Bitcoin this week, two top U.S. regulators reiterated their warnings about the potential risks associated with investing in cryptocurrencies. Both the SEC and the Commodity Futures Trading Commission issuing a similar message: buyer beware.
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The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
