Comment on Senate panel backs e-mail privacy bill

By CORA LEWIS NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years. Related Articles Business | Delays and price hikes at Vinyl Me, Please anger subscribers as Denver record club struggles to right itself Business | Denver’s new guard of restaurateurs is adjusting to higher wages, rising costs Business | Denver subpoenas 3 strip clubs in first use of new tool to investigate wage theft Business | Kroger and Albertsons make a final pitch for their merger before a judge decides whether to block it Business | Casa Bonita reservations sell out on first day The central bank is acting because, after imposing 11 rate hikes dating back to March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.

Travelers have their opinions about which airports they like to travel through—and which just aren’t cutting it for them. As part of the 2024 J. D. Power North America Airport Satisfaction Study, travelers rated airports based on customer satisfaction in categories, including: ease of travel, terminal facilities, airport staff, and more. [time-brightcove not-tgx=”true”] The Minneapolis-Saint Paul International Airport took first place in a ranking of passenger satisfaction among mega airports—which are those with 33 million or more passengers a year.

Jonathan Last writes about conservative journalist Byron York, saying “you can learn a lot about how Trump happened and where the Republican party is headed by understanding the career of this one guy.”

The Cook Political Report launched the 2024 Demographic Swingometer — an interactive tool to simulate how fluctuations in turnout and partisan support could alter this year’s outcome in the Electoral College.

Melania Trump’s latest video promoting her upcoming memoir asks: “Why do I stand proudly behind my nude modeling work?”