12/19/2024 - EditState

US Federal Reserve cuts interest rate but adjusts expectations for future

The U.S. Federal Reserve on Wednesday lowered its target interest rate but signaled it might take longer than previously expected to bring inflation down to the central bank’s target rate of 2% per year. That means there will likely be fewer rate reductions in 2025 than had been projected. The Fed’s Federal Open Market Committee lowered the target range of the federal funds rate, a benchmark that is used to set rates for everything from mortgages to credit card loans, by one-quarter of a percentage point to between 4.25% and 4.5%. The reduction was widely expected, but FOMC members updatedmore

Bluesky could become target of foreign disinformation, experts warn

On 12/19/2024

washington — Experts on cybersecurity and online foreign influence campaigns are urging social media company Bluesky, whose app has exploded in popularity in recent weeks, to step up moderation to counter potential state-sponsored influence efforts. Over the past month, Bluesky, a microblogging platform with its roots in Twitter, has seen one of its biggest increases in new user registrations since it was publicly released in February. Over 25 million are now on the platform, close to half of whom joined after the 2024 U.S. presidential election. Rose Wang, Bluesky’s chief operating officer, said in a recent interview that Bluesky does notmore