Morning Wire Fed Cuts Rates & China’s Nuclear Arsenal | Afternoon Update | 12.18.24
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Dec 18, 2024 Federal Reserve cuts interest rates for the third time to combat inflation and unemployment worries. Meanwhile, there's a growing concern over China's expanding nuclear arsenal and the Pentagon’s call for transparency. A former congressman faces allegations while a terrorism suspect is nabbed in NYC. Political dynamics shift as Biden’s approval wanes and Trump gains ground, alongside a notable controversy surrounding the Oscars for snubbing a successful documentary.
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Fed Cuts Interest Rates Again
- The Federal Reserve cut interest rates by 0.25%, lowering the target range to 4.25-4.5%.
- This marks the third consecutive rate cut since September, influenced by falling inflation and rising unemployment.
Drone Sightings and Laser Risks
- Unidentified drones sighted on the East Coast prompted FBI warnings against pointing lasers.
- Mistaken targeting of manned aircraft poses a serious threat.
China's Nuclear Buildup
- China's nuclear arsenal has tripled since 2020, now exceeding 600 warheads.
- Experts predict over 1,000 warheads by 2030, raising concerns about transparency and global security.