The Federal Reserve decided to keep benchmark interest rates steady but hinted at potential cuts later in the year due to concerns over the impact of tariffs on the economy. The Federal Open Market Committee maintained the key borrowing rate at 4.25%-4.5% and updated their rate and economic projections, while also adjusting the pace of reducing bond holdings in response to ongoing economic challenges. Markets had not anticipated any rate changes at this week’s policy meeting, signaling a cautious approach by the Fed.
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Meteorite that ripped through Georgia homeowner’s roof is 20 million years older than Earth, scientist says
A meteorite that struck a home in Georgia on June 26 is estimated to be 4.56 billion years old, predating Earth by about 20 million years. The meteor, which created a loud explosion and left behind fragments, is proposed to be named the McDonough Meteorite, marking it as the 27th meteorite recovered in Georgia. Want More Context? 🔎
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