Today’s Top News ⇒ From Wall Street to Weather Disasters

[Em Vicky Khan]

Fed Holds Interest Rates but Warns of Possible Hike Later in 2025
The U.S. Federal Reserve kept interest rates unchanged at 5.25% in its May meeting, citing moderated inflation and slower job growth. However, Fed Chair Jerome Powell warned that rates may rise again if inflationary pressures persist. Stock markets reacted positively, with the S&P 500 closing up 1.3%.

Deadly Tornadoes Rip Through Texas: 14 Dead, Dozens Injured
Severe tornadoes wreaked havoc across North Texas, killing at least 14 people and leaving dozens injured. Winds exceeding 150 mph flattened neighborhoods and schools. President Biden declared a federal disaster, and FEMA teams are now on-site assisting with recovery and shelter efforts. Meteorologists warn of more storms over the weekend.