Holiday Travel Expected to Break Records as Delays and Cancellations Ease
As the July 4th weekend gets underway, holiday travel is expected to break records. Cheddar News senior reporter Michelle Castillo found that despite the anticipated headaches, airports are a lot more calm and decongested than anticipated.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.