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Fed fears Trump policies could hinder effort to cut US inflation, minutes show | Federal Reserve newsthirst.

Federal Reserve officials see a rising risk that inflation may remain sticky in the US as policymakers begin wrestling with the impact of policies from the incoming Trump administration, according to the minutes of the US central bank’s latest meeting. While officials believe inflation will continue to move toward 2%, the Fed’s target rate for…

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Steve Kerr’s mother among those evacuated from ‘terrifying’ Pacific Palisades wildfire newsthirst.

Steve Kerr’s 90-year-old mother was among the thousands of residents evacuated from the raging wildfire in the suburbs of Los Angeles. The Golden State Warriors coach said Tuesday night that his mom, Ann, had left her home in Pacific Palisades given the evacuation orders that affected tens of thousands of people. “I want to send…

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10-year Treasury yield rises to highest since April as Fed notes upside risk to inflation newsthirst.

The 10-year Treasury yield on Wednesday rose to its highest since April after the latest Federal Reserve meeting minutes indicated greater concern over inflation. Investors also digested this week’s strong economic data. The yield on the benchmark 10-year Treasury was last higher by 2 basis points, topping 4.7%, and reaching its highest level since late…

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Former Brexit negotiator Oliver Robbins appointed top civil servant in Foreign Office | Foreign, Commonwealth and Development Office newsthirst.

The former Brexit negotiator Oliver Robbins has been appointed as the UK Foreign Office’s most senior civil servant, taking over from Sir Philip Barton. Robbins, who was on the shortlist last year but failed to get the civil service’s top job, was believed to be David Lammy’s favoured candidate for the role of permanent undersecretary….

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Donald Trump Blames California Governor Newsom for L.A. Wildfires newsthirst.

President-elect Donald Trump is fanning the flames of divisiveness amid the massive wildfires burning across Los Angeles … posting a scathing critique of California Governor Gavin Newsom. Trump hopped on his Truth Social platform Wednesday and placed the blame for the raging brush fires squarely at the feet of Newsom, accusing him of choosing an…

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