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Markets cheer after Powell downplays even larger rate hikes

The Dow Jones Industrial Average surged more than 900 points and the S&P 500 had its biggest gain in two years Wednesday after Federal Reserve Chair Jerome Powell downplayed the likelihood of an even larger interest rate hike after announcing the sharpest rate increase since 2000.

Fed raises key rate by a half-point in bid to tame inflation

The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.

Advocates worry other rights at risk if court overturns Roe

Little doubt remains about what the Supreme Court plans to do with Roe v. Wade. But uncertainty abounds about ripple effects as the court nears a final opinion expected to overturn the landmark 1973 case that created a nationwide right to abortion.

Employers post record 11.5 million job openings in March

Employers posted a record 11.5 million job openings in March, meaning the United States now has an unprecedented two job openings for every person who is unemployed.

Pfizer hopes to submit little-kid vaccine data by early June

Pfizer now hopes to tell U.S. regulators how well its COVID-19 vaccine works in the littlest kids by late May or early June. Pfizer is testing three extra-small doses of its vaccine in children under 5 after two shots didn’t prove quite strong enough.

Breaking

Gym Memberships, Farmers Market Ties and MMA Fighters Helped Secure Millions in Newsom’s Final Budget

California lawmakers wrapped up this year’s state budget with...

Sacramento Bee Cuts Jobs Amid Newsom’s Consideration of State Aid for News Industry

The Sacramento Bee's steady decline over the past four...

California’s Community Organizations Deserve Sustained Funding, Not Just Crisis Support

Guest Commentary By Kaci Patterson Kaci Patterson is founder and chief...

San Jacinto council tonight: City Manager closed session, $9.79M August warrants, Tract 31886 landscaping award

San Jacinto City Council meets Tuesday, Sept. 15, 2026, closed session 5:30 p.m. and open session 6:30 p.m., Community Center, 625 S. Pico Ave. Posted agenda includes City Manager performance/appointment/employment in closed session; August warrants of $9,789,216.25; Tract 32955-1; Proposition 1 Resolution 4149; SB 1383 Ordinance 26-05 introduction; an SB 1087 veto letter; and a Tract 31886 landscaping award recommendation to Conserve LandCare for $986,944.25.
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