CNN 5 Things Interest rates held, FAA staffing increases, big Netflix changes & more
May 7, 2025
The Federal Reserve has decided to hold interest rates steady, prompting mixed reactions from investors. Tensions rise as Pakistan threatens retaliation following a deadly incident with India. Meanwhile, the FAA is implementing changes to improve operations at Newark Airport. In New York, the arrest of a Palestinian woman is raising questions about police practices. Plus, Netflix unveils exciting new features and a revamped homepage that users can't wait to explore!
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Fed Warns of Stagflation Risks
- The Federal Reserve held interest rates steady due to rising risks of unemployment and inflation.
- This hints at fears of stagflation, where economic growth slows while inflation rises, challenging recovery efforts.
Pakistani Claim of Dogfight Victory
- Pakistani Defense Minister Khawaja Mohammed Asif claimed Pakistan shot down five Indian fighter jets in a dogfight.
- India denied losing any planes; CNN could not independently verify either claim.
FAA to Upgrade Newark Airport
- The FAA plans to increase air traffic controller staffing and add technical upgrades at Newark airport.
- Airlines called for flight restrictions until the upgrades and hiring improve safety and efficiency.