The Federal Reserve is expected to raise interest rates for the first time in years, while the EU proposes closer ties with Canada.
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The Federal Reserve is expected to raise interest rates today in what would be the first increase since 2023, according to NBC News. NPR reports the move would mark the first hike in three years and the first under newly appointed Chairman Kevin Warsh.
European Commission President Ursula von der Leyen proposed granting Canada "associate member" status, a first for the European Union. She announced the potential shift during her State of the European Union address in Strasbourg, aiming to strengthen ties as Canada's trade dispute with the United States persists.
A new US bill could empower President Trump to impose tariffs of up to 100% on nations purchasing Russian oil and gas, per DW News. The legislation targets major importers like India, potentially disrupting established energy trade flows.
The Kennedy Center board voted yesterday to close the historic venue, NPR News reported. Separately, CC Sabathia's PitCCh In Foundation raised over $450K for youth through its annual golf event, per Fox Business.
Sources: 1. Fox Business: EU opens door to unprecedented 'associate member' status for Canada amid US trade spat — https://www.foxbusiness.com/economy/eu-opens-door-unprecedented-associate-member-status-canada-us-trade-spat (src1) 2. NBC News: Federal Reserve Poised to Raise Interest Rates: What to Know — https://www.today.com/video/federal-reserve-poised-to-raise-interest-rates-what-to-know-269957189612 (src2) 3.