(LOS ANGELES) — There has been a reprieve from the strongest winds in Southern California over the past 24 hours, but winds are expected to pick up later Saturday into the night, raising the fire danger yet again.
The fire outlook for Saturday is back at the “Critical” level for much of southern California as dry, gusty winds fan the flames.
Wind alerts, including a High Wind Warning, are in effect for much of the Los Angeles area as this next round of Santa Ana winds arrive.
Northeast winds of 30 to 40 mph are expected by Saturday night with gusts up to 65 mph.
Another major wind event is expected between Monday night and Wednesday, which may lead to rapid fire spread yet again.
Smoke has also lead to significantly reduced air quality all across the Los Angeles area and there won’t be any major improvements until these fires subside.
Southern California is not out of the woods yet when it comes to fire danger.
At least 11 people have been killed by the devastating wildfires. The two biggest are the Palisades Fire, which has decimated the coastal community of the Pacific Palisades, and the Eaton Fire, which has scorched home after home in Altadena.
As of Saturday morning, the Palisades fire, at 21,596 acres, was 11% contained and the Eaton fire, at 14,117 acres, was 15% contained, according to Cal Fire.
K.M. Cannon/Las Vegas Review-Journal/Tribune News Service via Getty Image
(LAS VEGAS) — Six years before packing a rental truck with firework mortars and gas cannisters before shooting himself in the head — an act he called a “wake-up” call to America in a note later found by law enforcement — Army Master Sgt. Matthew Livelsberger told an ex-girlfriend he was spiraling.
“Sometimes, I get so hopeless and depressed, it’s [expletive] ridiculous,” he texted, at one point describing a close-range firefight in which he killed two men.
“By far the worst of my life,” he wrote in 2018.
The violent death of Livelsberger, a 37-year-old decorated war veteran and Green Beret, on New Year’s Day is reviving questions about the unique risks that military personnel, and in particular special operations forces, face in their jobs and whether enough is being done to identify members in crisis.
Experts say the military has dramatically ramped up access to mental health support in recent years but that special operations forces in particular still remain vulnerable, in part out of fear that if they seek help their careers will be sidelined.
SOF personnel are more frequently exposed to the kinds of severe mental trauma that can trigger post-traumatic stress syndrome, as well as repeated concussive blasts from high-powered weapons that military officials suspect cause scarring and other physical changes to the brain.
Acute stress and relationship problems also can play a role in a person’s deteriorating mental state. In a 2020 study sponsored by U.S. Special Operations Command that examined the suicide deaths of 29 special operations personnel, nearly all of them experienced emotional trauma in their first deployments. But other issues factored in as well, the study found.
“The downhill trajectory with compounding relationship issues, financial issues and legal issues occurs over many years,” the report found, noting the “large number of variables” typically involved.
In the case of Livelsberger, the Army will soon have to decide whether his nearly two decades of service as a special forces soldier with nine overseas deployments contributed to his death.
Enlisted by the Army in 2006 to train as a member of its special forces, Livelsberger became a member of the 10th Special Forces Group, which conducts counterterrorism and training missions around the world. He deployed five times to Afghanistan, as well as had stints in Ukraine, Tajikistan, Georgia and Congo.
Livelsberger was awarded five Bronze Stars, including one with a valor device for courage under fire. He also was awarded an Army Commendation Medal with valor.
His ex-girlfriend Alicia Arritt, who shared her text exchanges with Livelsberger with ABC News, said she remembered the Green Beret as funny, generous and kind and someone who loved children. He also liked art, basketball and fast cars. She said he was not impulsive.
If the Army finds that his suicide was caused by his service and “in the line of duty,” Livelsberger’s survivors would receive increased benefits.
With an FBI investigation ongoing, the Army has said only that Livelsberger participated in a holistic treatment program offered to special operations forces called the “Preservation of the Force and Family” program but that there were no red flags. The program, called POTFF, includes “physical, cognitive, medical and support resources as appropriate to each individual.”
Livelsberger, who was stationed in Germany at the time, didn’t display any “concerning behaviors” and was granted personnel leave shortly before his death, a spokesperson said.
“We encourage our Soldiers, if they need help, mental health treatment or need to speak with someone, to seek proactive behavioral health treatment either on base or online. They also have the option of talking to an Army chaplain,” Brig. Gen. Amanda Azubuike, chief of Army Public Affairs, said in a statement.
Dr. Rachel Yehuda, a professor of psychiatry and the neuroscience of trauma at Mount Sinai’s Icahn School of Medicine, said there are risk factors that seem to explain why some people are more vulnerable to PTSD than others.
This can include a person’s family history, exposure to trauma at a young age and biological factors that could make it more difficult for a person to “recalibrate” their nervous system after a traumatic event.
Yehuda, who is not involved in Livelsberger’s case and did not want to speak to his particular situation, said the trauma faced in general by service members in combat can be particularly challenging because it often occurs overseas when members are far away from close family and friends who can provide support. That support system, she said, can be critical to calming the nervous system.
“I think that we have to understand that trauma is a real thing. And it can really be detrimental to mental health, especially if you’re not in an environment where people can help you cope with all the things that you’re carrying,” she said.
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Fran Racioppi, a former 10th Special Forces Group officer who hosts a podcast on Green Berets and leadership, said the profile of a Green Beret soldier is unique because it’s someone capable of “extreme degrees of compassion” while also capable of going to war and maintaining the highest standards in warfighting.
“Whenever we have an incident when the behavior of a special operator drastically deviates from the standard profile, we need to understand the driving cause of that change and what contributing factors may cause a grievance,” he said.
Racioppi said he thinks the resources are there to support personnel like Livelsberger.
“But the first step will always be an operator’s self-assessment and willingness to seek help for themselves,” he said.
The SOCOM-sponsored study, conducted by the American Association of Suicidology, found at the time of its review, from 2012 through 2015, that many personnel were reluctant to raise their hands out of fear of getting sidelined, with suicide prevention training seen as a “check in the box.”
Livelsberger’s ex-girlfriend Arritt said he told her he feared getting help “because he wouldn’t be deployable.”
Sara Wilkinson, a suicide prevention advocate whose Navy SEAL husband died by suicide, said that while PTSD can be prevalent in the military, it’s not an arbitrary label that can be used to explain everyone’s experience. Wilkinson’s husband, Chad, was found to have suffered a unique type of brain scarring found in other deceased Navy SEALS.
Service members should know their story in life also can be one of tremendous resilience, she said.
“The point is you served. That comes at a price because of our last 20-plus years” of war, she said. “And you owe it to yourself, your loved ones and your life to be your own advocate physically and mentally.”
ABC News’ Alexandra Myers, Alex Stone, Matt Seyler and Luis Martinez contributed to this report.
If you are struggling with thoughts of suicide or worried about a friend or loved one, call or text the Suicide & Crisis Lifeline at 988 for free, confidential emotional support 24 hours a day, seven days a week.
(LOUISIANA) — NFL hopeful Kyren Lacy, one of the top wide receiver prospects in this year’s draft, is wanted for negligent homicide in connection with a deadly crash in Louisiana last month, state police announced Friday.
Louisiana State Police said they have issued an arrest warrant for Lacy, 24, of Thibodaux, for allegedly leaving the scene of a fatal crash on Dec. 17.
Lacy, who played for Louisiana State University in the fall before declaring for the draft, is alleged to have been behind the wheel of a 2023 Dodge Charger when he “recklessly passed multiple vehicles at a high rate of speed by crossing the centerline and entering the northbound lane while in a designated No-Passing Zone” on Louisiana Highway 20, state police said in a press release.
The driver of a 2017 Kia Cadenza traveling north swerved to avoid hitting the Dodge, only to cross the centerline and collide head-on with a 2017 Kia Sorento. A passenger in the Kia Sorento, identified by police as 78-year-old Herman Hall of Thibodaux, died from his injuries after being transported to a hospital, authorities said.
Lacy allegedly drove around the crash scene and fled south, “without stopping to render aid, call emergency services, or report his involvement in the crash,” state police said.
In addition to negligent homicide, he is being sought for felony hit and run and reckless operation of a vehicle, police said.
“Troopers are in communication with Lacy and his legal representation to turn himself in,” Louisiana State Police said in the release.
Lacy’s agent said the athlete is “fully cooperating with the authorities.”
“We strongly believe that the facts will ultimately demonstrate the truth, but we respect the need for a full and thorough investigation,” the agent, Rocky Arceneaux of Alliance Sports, said in a statement.
Arceneaux added that the case is “being taken very seriously, and we are committed to resolving it responsibly.”
Lacy was a wide receiver for the LSU Tigers. Two days after the crash, on Dec. 19, he announced that he will be declaring for the 2025 NFL draft.
The star prospect had 58 catches for 866 yards and nine touchdowns this season. Lacy had 26 touchdown catches in his five seasons at LSU. He opted out of the Texas Bowl against Baylor to focus on preparation for the draft.
(WASHINGTON) — A federal judge in Washington, D.C., held Rudy Giuliani in contempt of court for violating a court order that barred him from making false and defamatory statements against two Georgia election workers after they secured a $148 million defamation judgement against the former New York City mayor in 2023.
U.S. District Judge Beryl Howell admonished the former New York City mayor for continuing to spread lies about Ruby Freeman and Shaye Moss in November on his web show, saying she hoped that sitting through trial and agreeing to a consent judgement would have made Giuliani “stop saying such fabricated lies.”
The judge asked Giuliani, “$148 million wasn’t a sufficient incentive to stop the defamation?”
Giuliani was ordered by Howell to file a declaration acknowledging that he reviewed testimony and evidence from the defamation trial and that no testimony or government report contradicted the two election workers. Howell issued a $200 fine for each day Giuliani does not comply with the deadline to submit the declaration.
If Giuliani engages in further violations, Howell said the court would have to consider imprisonment or confinement.
“It is outrageous and shameful,” Howell said while reading her verdict. “This takes real chutzpah, Mr. Giuliani.”
Last week, a federal judge in New York also held Giuliani in contempt of court for failing to turn over personal property and information to the two election workers.
During the hearing on Friday, Giuliani took the stand briefly to go over bank documents from Giuliani’s bankruptcy case that showed his assets and liabilities that Giuliani has claimed are exempt assets including his house in Palm Beach, Florida, valued at $3.5 million.
When asked to verify bank accounts, Giuliani said, “They’re not my accounts, I don’t have access to them.” The former mayor said that because his accounts were frozen and because he is not able to withdraw from them, the bank accounts are not his.
“Illegally, you have tied up everything I have,” Giuliani said.
Michael Gottlieb, an attorney for Freeman and Moss, pressed Giuliani over payments he made in November, the same month he made the alleged defamatory statements about the election workers. Payments include taxes and utility payments totaling tens of thousands of dollars.
Gottlieb added the money should come from the assets Giuliani has said are exempt from creditor claims.
“We haven’t been able to come up with any other way we believe compliance can be coerced,” Gottlieb said.
He added, “The main thing the plaintiffs want is for Giuliani to stop defaming them.”
“I am very concerned based on the statements made today that Mr. Giuliani may not be persuaded from making statements without more severe sanctions,” Judge Howell said.
Ted Goodman, the former mayor’s adviser, said in a statement, “The public should know that Mayor Rudy Giuliani never had the opportunity to defend himself on the facts in the defamation case. This is an important point that many Americans still don’t realize due to biased coverage and a campaign to silence Mayor Giuliani. This contempt ruling is designed to prevent Mayor Giuliani from exercising his constitutional rights.”
(ATLANTA) — A massive winter storm is blanketing the South with ice and record-breaking snow, with some cities seeing the most snowfall from a single storm in decades.
Twenty states, from Texas to Delaware, were on alert Friday for snow and ice as the storm continued to move across the South.
The storm has prompted governors to declare states of emergency, including in Texas and Georgia, to prepare for and respond to the severe weather.
Some states have seen a foot or more of snow during the storm.
Parts of Arkansas have seen 14 inches of snow in the storm. Seven inches have fallen in Little Rock, the most in four years.
Portions of Oklahoma and Texas have gotten 12 inches of snow. Oklahoma City had 3.5 inches of snow, a daily record, while Amarillo, Texas, saw 9.5 inches, the most in 10 years.
Mississippi has seen 7 inches of snowfall, while Alabama has gotten 6 inches, as it continues to snow in the states. Birmingham saw 2 inches of snow — the most in 11 years.
Memphis, Tennessee, has gotten 7 inches of snow, the most snow in a single day in 40 years.
Atlanta has so far seen 2 inches of snow, the most in seven years, in the storm. Several communities north of Atlanta measured up to 5 inches from the storm.
Warming stations have been activated throughout Georgia as the state experiences sub-freezing temperatures. Those located in the North Georgia Mountains were near capacity as of Friday morning, according to Gov. Brian Kemp.
“If you’re looking for a place, you may want to go south versus north, if you can,” Kemp said during a press briefing.
Amid the storm, tens of thousands of customers were without power across the Southeast, with Texas and Arkansas experiencing the bulk of the outages.
The storm is also affecting travel. More than 2,700 flights across the country were canceled as of early afternoon Friday, with Atlanta, Charlotte, Dallas and Nashville seeing the biggest impacts.
Officials across the South have warned of treacherous travel conditions due to snow and ice on the streets.
Public schools in Atlanta and Memphis were closed Friday due to the inclement weather.
Snow and ice are expected to reach the Carolinas and the East Coast on Friday evening, with heavy snow and ice forecast for Charlotte, Asheville and Raleigh. North Carolina Gov. Josh Stein declared a state of emergency on Thursday, ahead of the storm.
“At this time, our greatest concern is road safety,” he said during a briefing Friday. “Precipitation and freezing temperatures tomorrow afternoon and night will make a mess of our roads Saturday morning.”
Overnight, snow will move into the mid-Atlantic, including Richmond, Virginia, with some snow possible in Washington, D.C., and Philadelphia.
Richmond remains under a water boil advisory after a power outage impacted operations at a water treatment plant during a storm earlier this week.
(WASHINGTON) — Vince McMahon, the former head of WWE, will pay $1.7 million to the Securities and Exchange Commission for failing to disclose two settlements he had with employees while he ran the formerly publicly traded company.
One settlement agreement, signed in 2019, obligated McMahon to pay a former employee $3 million in exchange for the former employee’s agreement not to disclose her relationship with McMahon and her release of potential claims against WWE and McMahon, and the second agreement, signed in 2021, obligated McMahon to pay a former WWE independent contractor $7.5 million in exchange for the independent contractor’s agreement not to disclose her allegations against McMahon and her release of potential claims against WWE and McMahon, according to the SEC.
These payments were not disclosed and, thus, “WWE overstated its 2018 net income by approximately 8 percent and its 2021 net income by approximately 1.7 percent,” according to the SEC.
McMahon agreed to pay a $400,000 civil penalty and reimburse WWE $1,330,915.90, the SEC said.
In a statement posted on X, McMahon said the “case is closed.”
“Today ends nearly three years of investigation by different governmental agencies,” he said.
“There has been a great deal of speculation about what exactly the government was investigating and what the outcome would be. As today’s resolution shows, much of that speculation was misguided and misleading,” he added. “In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE. I’m thrilled that I can now put all this behind me.”
McMahon, who is married to President-elect Donald Trump’s pick to be education secretary, Linda McMahon, resigned from WWE’s parent company TKO Group Holdings in 2024 after he was sued by a former employee accusing him of sexual misconduct. McMahon has denied any wrongdoing in that suit.
(ATLANTA) — Hundreds of passengers were forced to evacuate on slides during a snowstorm after their Delta flight aborted takeoff from Atlanta due to an engine issue Friday morning, the airline said.
Delta Flight 2668 was traveling from Hartsfield-Jackson Atlanta International Airport to Minneapolis-St. Paul when it suspended takeoff shortly after 9 a.m. due to “an indication of an engine issue,” the airline said.
Passengers exited the Boeing 757-300 aircraft through emergency slides and ground transportation was used to take them back to the terminal.
Four passengers reported minor injuries in the incident, with one transported to an area hospital, the airport said. The other three were treated at the scene, the airport said. The nature of their injuries was not immediately clear.
The plane was carrying 201 passengers and seven crew members.
“Nothing is more important than the safety of our people and customers, and we apologize to our customers for their experience,” Delta said in a statement. “We are working to support our customers and get them to their destinations as safely and quickly as possible.”
The Federal Aviation Administration said it will investigate.
Operations at the Atlanta airport were delayed due to the incident and the “ongoing severe weather,” the airport said in a statement.
Approximately 2 inches of snow had fallen by noon in Atlanta, the most in seven years, as a massive winter storm impacts the South.
More than 2,600 flights across the country have been canceled as of midday Friday due to the storm, with Atlanta, Charlotte, Dallas and Nashville seeing the biggest impacts.
(NEW YORK) — President-elect Donald Trump is scheduled to be sentenced in his New York hush money case after a jury in May convicted him on 34 felony counts of falsifying business records related to a hush money payment made to adult film actress Stormy Daniels in order to boost his electoral prospects in the 2016 presidential election.
Judge Juan Merchan has signaled his intention to sentence Trump to an “unconditional discharge” — allowing Trump to avoid prison, fines or probation — out of respect for the principle of presidential immunity, which takes effect on Jan. 20 once Trump becomes president.
Trump, who has maintained his innocence throughout the case, has blasted the prosecution as politically motivated.
Merchan sentences Trump to unconditional discharge
Before sentencing Trump, Judge Merchan emphasizes that the “protections afforded to the office of the president” apply only to that office, “not the occupant of the office.”
“It is through that lens and that reality that this court must determine a lawful sentence,” Merchan says.
“Sir, I wish you god speed as you assume your second term in office,” Merchan tells Trump in conclusion.
“This court has determined that the only lawful sentence … is an unconditional discharge,” Merchan says.
The hearing over, Trump logs off his remote connection.
‘I have been treated very, very unfairly,’ says Trump
Trump concludes his statement by saying, “I have been treated very, very unfairly, and thank you very much.”
His tone for all his remarks was very calm and balanced — he said it plainly as if he was reading a speech. He never appeared to raise his voice.
Judge Merchan is now explaining his reasoning for his unconditional discharge sentence.
Trump is looking directly into the camera as Merchan explains his sentence.
“Never before has this court been presented with such a unique and remarkable set of circumstances,” Merchan says. “This has been a truly extraordinary case.”
Merchan is now remarking on the unremarkable nature of the trial, no different than any other trial that has taken place in this storied courthouse.
But the circumstances of this sentence are “extraordinary,” Merchan remarks regarding presidential immunity.
‘This has been a very terrible experience,’ Trump says
“This has been a very terrible experience,” Trump says, addressing the court on the large monitor.
“I think it’s been a tremendous setback for New York and the New York court system,” he said.
Trump is now going after a former assistant district attorney who resigned from the office before his indictment was brought.
He blames accountants for logging the hush payment to Stormy Daniels a legal expense.
“It’s incredible actually,” Trump says about his actions that prompted his indictment, arguing he correctly labeled Cohen’s payments as legal expenses.
Trump says this was a case Alvin Bragg did not want to bring, as the DA stared straight ahead expressionless, watching the feed.
“It’s an injustice of justice,” Trump says about the the case, citing a series of legal experts who criticized the case.
“It’s been a political witch hunt, it was damage my reputation so I would lose the election,” Trump says, boasting how he got more votes than any Republican and won all seven swing states.
Judge Merchan is calmly watching Trump speak with his hand on his chin.
‘Case should not have been brought,’ Trump lawyer says
“I very, very much disagree with what the government just said,” Trump attorney Todd Blanche says.
Blanche says Trump has been “fighting” this case to this day, and that they disagree that this was “an appropriate case to be brought.”
“It was not,” Blanche says.
“We intend on appealing,” Blanche confirms.
“Legally this case should not have been brought,” Blanche says, with Trump nodding his head in agreement. “The majority of the American people agree that this case should not have been brought.”
“Its a sad day for President Trump and his family and his friends. But its also, in Counsel’s view, a sad day for this country,” he says. “This was brought by a district attorney who promised he would go after President Trump if elected and that’s sad.”
Trump engaged in a ‘direct attack on the rule of law’: Prosecutors
“Instead of preserving, protecting and defending our established system of criminal justice, the once and future president engaged in a campaign to undermine its legitimacy,” prosecutor Josh Steinglass says.
When Steinglass brings up what he said was Trump’s “conduct before during and after the trial,” Trump crosses his arms and leans back. He shakes his head “no” when Steinglass mentions his efforts to “undermine its legitimacy.”
“Far from expressing any kind of remorse,” Trump has “bred disdain for our judicial institutions and the rule of law. He did so “to serve his own ends,” Steinglass says. Steinglass says Trump’s conduct surrounding the trial, particularly attacks on the judge and others involved in the case, “constitutes a direct attack on the rule of law”
Steinglass also calls out Trump for having “bred disdain for our judicial systems and the rule of law” and for being “unrelenting in his unsubstantiated attacks” on the court and prosecutions, including public threats to retaliate against them.
“This defendant has caused enduring damage to the criminal justice system, and has put officers of the court in harms way,” he says. “This defendant has caused enduring damage to public perception of the criminal justice system and put its officers of the court in harm’s way.”
Prosecution recommends ‘unconditional discharge’
The judge is now giving both parties the opportunity to speak.
The people recommend a sentence of an unconditional discharge, prosecutor Josh Steinglass says.
Trump appears to be taking notes.
“The verdict in this case was unanimous and decisive and it must be respected,” Steinglass says.
Judge confirms Trump agreed to appear virtually
Judge Merchan begins by confirming that Trump is waiving his right to appear in person and that both parties have reviewed the court’s probation report. Trump also attended his probation interview virtually last year.
Merchan asks both sides if they received copies of the probation report. They both say they did.
Trump’s attorney Todd Blanche raises one small issue that the procedural history and information about other cases is in the report is “not up to date.”
DA Bragg, Trump’s attorney arrive in courtroom
Manhattan District Attorney Alvin Bragg and attorneys on his staff have entered the courtroom.
Prosecutors Joshua Steinglass, Christopher Conroy, and Susan Hoffinger are seated at counsel table. Seven other members of the DA’s office are also seated in the courtroom.
Trump’s attorney Emil Bove just arrived as well.
Security light at courthouse with Trump attending virtually
With Trump attending the hearing virtually from Florida, security is notably light in the lower Manhattan courthouse ahead of today’s 9:30 a.m. ET sentencing hearing.
The table where Trump and his lawyers normally sat for the trial last year is empty; instead, Trump will appear on the four flat-screen televisions mounted on the courtroom walls.
There are a few changes to the courtroom itself since Trump’s conviction seven months ago. The gallery is fully occupied and so longer subject to the security restrictions that limited its capacity, and the sketch artists are seated in the jury box. The tile floors in the courtroom are glaringly white, appearing to have been cleaned or replaced since the trial last year.
Trump to be sentenced after SCOTUS fails to halt hearing
President-elect Donald Trump will appear virtually from his Mar-a-Lago estate when he is sentenced this morning in a New York courtroom, after the Supreme Court rejected his eleventh-hour bid to block his sentencing from taking place.
Trump had asked the nation’s highest court to halt his criminal sentencing on the grounds that he was entitled to immunity as president-elect.
In a Thursday night ruling, Chief Justice John Roberts and Trump-appointee Amy Coney Barrett joined the court’s three liberal justices to deny Trump the relief he sought, while Clarence Thomas, Samuel Alito, Neil Gorsuch and Brett Kavanaugh indicated they would have granted Trump’s request to halt his sentencing.
The Federal Reserve Board Building. Via Douglas Rissing/Getty Images
(WASHINGTON) — U.S. hiring grew at a robust pace in December, far exceeding economists’ expectations and demonstrating the health of the nation’s economy days before it transfers to the stewardship of President-elect Donald Trump.
Employers added 256,000 workers last month, surpassing economist expectations of 155,000 jobs added, U.S. Bureau of Labor Statistics data on Friday showed. The unemployment rate ticked down to 4.1%, which is historically low.
The findings could help determine whether the Federal Reserve will cut interest rates when officials meet later this month.
The figure marked an acceleration from the previous month. In November, employers added a solid 227,000 jobs.
U.S. hiring has defied doomsayers for much of President Joe Biden’s term in office. Stubborn inflation, high interest rates and a contentious presidential campaign have proven no match for a resilient labor market.
Alongside steady hiring, inflation has eased and the economy has expanded, giving rise to hope that the U.S. can achieve a soft landing.
Inflation has slowed dramatically from a peak of more than 9% in June 2022, but price increases remain higher than the Fed’s target of 2%. The pace of price increases has ticked up in recent months.
The Fed dialed back its fight against inflation over the final months of last year, lowering interest rates by a percentage point. Still, the Fed’s interest rate remains at a historically high level of between 4.25% and 4.5%.
Last month, the Fed predicted fewer rate cuts in 2025 than it had previously indicated, suggesting concern that inflation may prove more difficult to bring under control than policymakers thought just a few months ago.
A solid jobs report that matches economists’ expectations could give the Fed more reason to delay interest rate cuts, since such a sign of economic strength may ease concern that a continuation of high interest rates would tip the economy into a downturn.
Instead, the Fed could wait and see if inflation falls closer to target levels, while remaining somewhat assured that the labor market will remain sturdy.
If the jobs report falls short of economists’ expectations, however, central bankers may view potential interest rate cuts with a heightened sense of urgency.
Speaking at a press conference in Washington D.C. on Wednesday, Fed Chair Jerome Powell said the central bank may proceed at a slower pace with future rate cuts, in part because it has now lowered interest rates a substantial amount.
Powell also said a recent resurgence of inflation influenced the Fed’s expectations, noting that some policymakers considered uncertainty tied to potential policy changes under Trump.
“It’s common-sense thinking that when the path is uncertain, you get a little slower,” Powell said. “It’s not unlike driving on a foggy night or walking around in a dark room full of furniture.”
Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of between 10% and 20% on every product imported from all U.S. trading partners.
Economists widely forecast that tariffs of this magnitude would increase prices paid by U.S. shoppers, since importers typically pass along a share of the cost of those higher taxes to consumers.
(NEW YORK) — President-elect Donald Trump is scheduled to be sentenced in his New York hush money case after a jury in May convicted him on 34 felony counts of falsifying business records related to a hush money payment made to adult film actress Stormy Daniels in order to boost his electoral prospects in the 2016 presidential election.
Judge Juan Merchan has signaled his intention to sentence Trump to an “unconditional discharge” — allowing Trump to avoid prison, fines or probation — out of respect for the principle of presidential immunity, which takes effect on Jan. 20 once Trump becomes president.
Trump, who has maintained his innocence throughout the case, has blasted the prosecution as politically motivated.
Trump to be sentenced after SCOTUS fails to halt hearing
President-elect Donald Trump will appear virtually from his Mar-a-Lago estate when he is sentenced this morning in a New York courtroom, after the Supreme Court rejected his eleventh-hour bid to block his sentencing from taking place.
Trump had asked the nation’s highest court to halt his criminal sentencing on the grounds that he was entitled to immunity as president-elect.
In a Thursday night ruling, Chief Justice John Roberts and Trump-appointee Amy Coney Barrett joined the court’s three liberal justices to deny Trump the relief he sought, while Clarence Thomas, Samuel Alito, Neil Gorsuch and Brett Kavanaugh indicated they would have granted Trump’s request to halt his sentencing.
