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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts newsthirst.

The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation…

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Judge orders Trump administration to return two trans prisoners to women’s facilities | Trump administration newsthirst.

A judge on Wednesday ordered the federal Bureau of Prisons (BoP) to transfer two incarcerated transgender women back to federal women’s prisons after they had been sent to men’s facilities after Donald Trump’s executive order that truncated transgender protections. US district judge Royce Lamberth in Washington DC issued a preliminary injunction after the women were…

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Bank of America’s CEO says economic growth is ‘better than people think’ and the Fed should stay on hold newsthirst.

Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year. Despite surveys indicating that confidence is at a nearly three-year low amid increasing worries about inflation, Moynihan told CNBC that spending data shows consumers are still shelling out money, though shifting…

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Smeg’s Dreamy Appliances and Cookware Are Up to 42% Off Right Now at SSENSE newsthirst.

Italian appliance brand Smeg makes the kind of toasters, blenders, and other countertop wonders that immediately catch one’s eye, with their sleek, retro-modern design, saturated colors, and prominent lettering. But it’s also the brand’s bougie reputation for high-quality, high-performing, design-forward kitchenware that lands its products in the kitchens of Architectural Digest home tours, Chateau Marmont…

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Federal Reserve cuts US economic growth outlook amid Trump tariffs | US economy newsthirst.

graph showing interest rates Officials at the US Federal Reserve cut their US economic growth forecasts and raised projections for price growth as they kept interest rates on hold. “Uncertainty around the economic outlook has increased,” the central bank said in a statement, as Donald Trump’s attempt to overhaul the global economy with sweeping tariffs…

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USAID’s New Leadership Includes DOGE Official Who Helped Dismantle Agency newsthirst.

The State Department plans to reconstitute U.S.A.I.D. as the U.S. Agency for International Humanitarian Assistance and abolish its status as an independent agency, according to an internal planning memo reviewed by The Times. Because of the way U.S.A.I.D. was established, Congress would have approve changes the Trump administration makes to the agency. If the planned…

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