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The Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday, its biggest move since 1994, as the central bank ramps up its efforts to tackle the fastest inflation in four decades. The big rate increase, which markets had expected, underlined that Fed officials are serious about crushing price increases even if it comes at a cost to the economy.

The Federal Reserve on Wednesday raised its benchmark interest rate by 75-basis points for the first time in nearly three decades as policymakers intensify their fight to cool red-hot inflation, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.

At NewsBusters, our mission is to expose and combat the bias of the liberal media, AKA, the "mainstream media." But if you believe Joe Scarborough, anyone who shares our view -- most importantly the Giant Hate Object Donald Trump -- must "hate democracy and press freedoms," and want Trump to be a "dictator." Who knew!? Get the rest of the story and view the video here.

Man Holding Beer According to a new study, men can increase the diversity of their gut microbes by drinking either one alcoholic or non-alcoholic lager daily. Numerous studies have shown health benefits from moderate alcohol intake (or maybe not), especially wine. For example, drinking wine with meals is linked with a lower risk of type 2 diabetes, and wine consumption was shown to improve blood pressure levels. Yet what about other alcoholic beverages, such as beer? Beer is a popular beverage, especially with men, that is also one of the oldest drinks invented by mankind. In fact, there is evidence...

Men in Chechnya are fleeing abroad to avoid being called up to fight in Ukraine, as casualties rise among the forces led by Ramzan Kadyrov, the tough-talking Chechen leader. Residents of Chechnya, a republic in Russia’s south, told The Telegraph that the growing number of funerals for local fighters and the sight of badly injured young men are turning some people against the war. One woman in Grozny, Chechnya’s capital, told of a funeral where there were four bodies. “They were from the Kadyrov regiment, who fought in Ukraine,” she said. “I am very upset because I knew them.” This...

Graduating students at a religious university handed the interim school president rainbow pride flags during commencement in protest of the school's ban on hiring LGBTQ+ staff. In an act of defiance graduating student from Seattle Pacific University handed interim president Pete Menjares a rainbow pride flag instead of a handshake during the university's commencement ceremony on Sunday. The Board of Trustees at SPU, a religious educational institution affiliated with the Free Methodist Church USA, voted last month to uphold a policy that bars the hiring of LGBTQ+ people. Scroll Down For Video: According to the university's non-discrimination policy, the institution...

Last night another shocking win occurred in the GOP primaries. GOP Representative and incumbent, Nancy Mace won her primary in South Carolina. Nancy Mace is a huge NeverTrumper who President Trump was vocal about replacing. When impossible election results occur, the 2020 Election taught us that they probably were impossible. America sat back and saw Joe Biden gather hundreds of thousands of votes after the polling centers were closed in key swing states across the country. By the next morning Biden was able to steal multiple states where President Trump was way ahead the night before. President Trump even warned...

Russia collusion hoaxer Rep. Adam Schiff (D-CA) appears to be taking steps towards his widely-reported ambition to replace Rep. Nancy Pelosi (D-CA) as House speaker if she retires and Democrats manage to keep control of the House. Schiff is planning to visit 10 districts this summer, in what Punchbowl News’s Jake Sherman reports is “an attempt to feel Dems out about his leadership ambitions and keep seats in the party’s hands.”

An Illinois father, who drowned his three children in a bathtub and then placed their bodies in the bedroom of his home, has been charged with murder. Jason E. Karels, 35, of Chicago, drowned his children one-by-one in the bathtub of his Camden Lane home on Monday after he and his wife Debra recently split up, a prosecutor said at a bond court hearing on Wednesday. His children - Bryant, 5; Cassidy, 3; and Gideon, 2 - were spending the weekend with their father when their mother, Debra, found their bodies in the bedroom after calling for a welfare check...

Ukraine’s General Prosecutor’s office said the mayor of Sviatohirsk, Volodymyr Bandura, is being investigated for suspicions of treason committed under martial law. On Tuesday Ukraine’s General Prosecutor’s office said the mayor is under investigation for “moving to the side of the enemy” and spreading through the media “an appeal in which he promoted the ideas of the Russian world.” Russian forces recently captured Sviatohirsk. CNN was unable to reach Bandura directly. In an announcement on the website of Ukraine’s General Prosecutor’s office, the prosecutor accused Bandura of agreeing to the proposal by the Russian Federation to take a position to...

In Gorsuch’s opinion, full citizenship and privileges should be conferred onto all residents on American territory, which would expand birthright citizenship. For instance, those born in American Samoa do not currently receive this benefit, but under the Gorsuch doctrine, they would, even though they do not pay federal income taxes. Gorsuch feels this is necessary to correct the supposedly racist actions of America’s past. Racism is the only reason America would deny these privileges to the territories, according to Gorsuch. Activists have already filed cases to test this opinion and fundamentally change American law.

While expected, it is still unwelcome news. The Atlanta Fed’s GDPNow real-time GDP forecast for Q2 just sank into negative territory at -0.002%. Let’s see how Real GDP does if The Fed actually withdraws its stimulus needle. And consumer purchasing power keeps diving as The Fed keeps printing money.

Jack Dorsey and Jay-Z are facing questions after launching an educational program in a Brooklyn public housing complex the billionaires say will help marginalized communities achieve financial independence through cryptocurrencies.

"We have demonstrated in the past month how easy and fun it is to attack. We are versatile, we are mercurial, and we answer to no one but ourselves," and then they stated their threats. Pro-abortion militants Jane's Revenge has declared that their 30 days of patience and mercy have come to an end. "Your thirty days expired yesterday," they state in an open letter proffered on June 15. "We offered an honourable way out. You could have walked away. Now the leash is off. And we will make it as hard as possible for your campaign of oppression to...

President Joe Biden will use a speech on Wednesday afternoon to announce plans to roll back hundreds of 'extreme MAGA' laws across the country that he says unfairly target gay and transgender people. Administration officials say they are causing a mental health crisis and raising the risk of suicide. The president is due to welcome activists to the White House and will sign an executive order protecting children from what officials see as 'legislative attacks.' It includes a 'full court press' against the discredited practise of conversion therapy - training programs designed to change sexual identity - which could include...

Adam Laxalt, a former Nevada attorney general, won the state’s Republican primary for U.S. Senate on Tuesday.Laxalt’s win sets up a fierce showdown with incumbent Sen. Catherine Cortez Masto (D) in November.The high-stakes race is expected to play a tremendous impact on the outlook of the legislative body after the midterm elections.RACE CALL: The Indy is calling the Republican U.S. Senate Primary for Adam Laxalt. pic.twitter.com/eUs1fOt6qG— Nevada Independent (@TheNVIndy) June 15, 2022Laxalt takes the stage for his victory speech. Laxalt thanks Trump for his endorsement and gives a shoutout to Florida Gov. Ron DeSantis as well. pic.twitter.com/wsNyaO7Zmf— Musadiq Bidar (@Bidar411)...

The City of Portland, Maine has opted to raise property taxes in order to provide free housing for asylum seekers. The average home price in the City is $475, 000. Up to now the tax on such a house has been $5,200. The expected additional annual levy is in the $350 range. Portland Mayor Kate Snyder said "so-called asylum seekers are being sent here without us being consulted or even getting any prior notice from the Biden Administration. Housing them has become a significant financial burden." "The property tax hike was just one of the options the City Council considered,"...

President Joe Biden’s economic advisor told CNBC that the White House didn’t miss “much at all” on inflation. That was despite inflation firing up in June for the fastest increase since December 1981.

A 25-year-old YouTuber and boxer seems to have found a new political punching bag: President Joe Biden.

Robert Drueke, 39, and Andy Huynh, 27, were captured while fighting for the Ukrainian army last week The pair were part of a ten-men squad which encountered Russian forces in Kharkiv They disabled a Russian tank but then were lost in the fog of return fire then disappeared, comrades say Drueke served in Iraq in the US Army but Huynh, a former Marine, has never been in active combat before He gave an interview before he ventured to the region in which he said he was prepared to die Now, there are fears they may be given the same death...