CNN 5 Things 3 PM ET: Fed slashes rates, severe bird flu case, TikTok’s challenge & more
Dec 18, 2024
The Federal Reserve has implemented a notable interest rate cut, potentially signaling a pause in future adjustments. In political news, House Republicans are focusing on Liz Cheney in the ongoing Jan. 6 investigation. A severe human case of H5N1 bird flu has been reported by the CDC, raising health concerns. TikTok's future in the U.S. hangs in the balance as the Supreme Court considers a crucial case. Meanwhile, Poland is taking bold action by auctioning frozen butter to combat rising food prices ahead of elections.
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Federal Reserve Rate Cut
- The Federal Reserve cut interest rates by 0.25%, potentially the last cut for a while.
- Inflation rose in November but is slightly above the Fed's 2% target, with a cooling job market and strong economic growth.
January 6th Investigation
- House Republicans investigated the January 6th attack and recommended prosecuting Liz Cheney.
- They accused her of witness tampering with Cassidy Hutchinson, a key witness in the former Select Committee's investigation.
First Severe H5N1 Bird Flu Case
- The CDC confirmed the first severe H5N1 bird flu case in the US, hospitalizing a person in Louisiana exposed to infected birds.
- While the immediate public health risk is low, precautions are advised for those interacting with birds.