The Federal Reserve has declared victory in the war on inflation. At its meeting today, the central bank announced that, after setting higher interest rates for two years in an effort to tame prices, it is finally beginning to bring them back down.
The Fed lowered interest rates by 0.50 percent (or 50 basis points), and has suggested that future cuts will be similarly sized.

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Updated at 1:05 p.m. ET on September 18, 2024
A first draft of this story opened: “It’s not every day that a candidate for vice president of the United States rage-tweets at you.”
Backspace, backspace, backspace. Although it’s not every day that a candidate for vice president of the United States rage-tweets at me personally, it is almost every day that Senator J. D. Vance rage-tweets at somebody.

The minivan dilemma: It is the least cool vehicle ever designed, yet the most useful. Offering the best value for the most function to a plurality of American drivers, a minivan can cart seven passengers or more in comfort if not style, haul more cargo than many larger trucks, and do so for a sticker price roughly a quarter cheaper than competing options. Even so, minivan sales have been falling steadily since their peak in 2000, when about 1.3 million were sold in the United States.

It felt like a science-fiction film, one Lebanese friend told me. At almost exactly the same moment—3:30 p.m. today—pagers exploded all over Lebanon, leaving hideous gashes and wounds on the heads, hands, and hips of their owners.
The significance of the attack quickly became clear: The pagers were being used by members of Hezbollah, the Lebanese militant movement that has been fighting an undeclared war with Israel since October.

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With Kamala Harris and Tim Walz at the top of their ticket, the Democrats are feeling much more optimistic than they were earlier this summer about holding on to the White House. But lower down on the ticket, Democrats are struggling to keep their 51–49 lead in the Senate.

“I’m a proud crypto bro. You’re starting to become one of us, if not already,” Farokh Sarmad, a social-media influencer, said to former President Donald Trump during a livestream on X last night. According to the platform’s listener counter, more than 1 million people tuned in for the launch of World Liberty Financial, a new crypto project promoted by Trump and his family. The former president has been posting about it on social media for several weeks.

Today, Snap, the parent company of Snapchat, one of the most popular social-media apps for teenage users, is announcing a new computer that you wear directly on your face. The latest in its Spectacles line of smart glasses, which the company has been working on for about a decade, shows you interactive imagery through its lenses, placing plants or imaginary pets or even a golf-putting range into the real world around you.