Fed outlook ahead of FOMC decision on Wednesday

The Fed is in focus as investors await the FOMC decision tomorrow. Calamos Investment Vice President Joseph Cusick joins Seana Smith on The Ticker to break down expectations.

Latest Stories

  • Biden attends Mass at DC church where he worshipped as VP

    President Joe Biden attended Mass for the first time since taking office, worshipping Sunday at the church he frequented when he was vice president. Biden, the nation’s second Catholic president, picked Holy Trinity Catholic Church in Washington's Georgetown neighborhood, a few miles from the White House. It's where the nation’s only other Catholic president, John F. Kennedy, often went to Mass.

  • Kremlin accuses U.S. of meddling in affairs, but says ready to talk

    President Vladimir Putin would respond in kind if the new U.S. administration showed willingness to talk, a Kremlin spokesman said on Sunday, while also accusing Washington of meddling in mass protests in support of detained opposition leader Alexei Navalny. The Kremlin also downplayed the scale of Saturday's demonstrations, which saw police detain more than 3,000 people and use force to break up rallies across Russia. Prior to the protests, the U.S. Embassy in Moscow had issued a "Demonstration Alert", warning U.S. citizens to avoid the protests and naming the venues in Russian cities where protesters planned to gather.

  • Sanders says Democrats will push coronavirus relief package through with simple majority

    Sen. Bernie Sanders (I-Vt.), incoming chair of the Senate Budget Committee who caucuses with the Democrats, told CNN's "State of the Union" on Sunday that Democrats plan to push a coronavirus relief package through the chamber with a simple majority vote. Why it matters: "Budget reconciliation" would allow Democrats to forgo the Senate's 60-vote requirement and could potentially speed-up the next relief package for millions of unemployed Americans. Democrats hold the the 50-50 split in the Senate with Vice President Kamala Harris serving as the tie-breaking vote.Support safe, smart, sane journalism. Sign up for Axios Newsletters here.What he's saying: "What we cannot do is wait weeks and weeks and months to go forward. We have got to act now," Sanders said. * "We're going to use reconciliation — that's 50 votes in the Senate, plus the vice president — to pass legislation desperately needed by working families in this country right now." * When asked if he wants a relief bill passed before former President Trump's impeachment trial begins the week of Feb. 8, he said: "We've got to do everything. This is not — you don't have the time to sit around, weeks on impeachment and not get vaccines into the arms of people."Be smart: sign up FREE for the most influential newsletter in America.

  • Ted Cruz's 'Pittsburgh over Paris' campaign shows us just how dumb the Biden years are going to be

    Barely any time has passed since President Biden's inauguration, and Republicans have already returned to their bag of shenanigans.

  • Navalny's wife detained amid mass arrests as protests sweep across Russia

    Russian police detained Yulia Navalnaya, the wife of jailed Kremlin critic Alexei Navalny, at a protest in Moscow on Saturday as demonstrations in support of the opposition leader swept across Russia. Authorities detained at least 1,600 people at unauthorised rallies in Moscow and dozens of cities across the country, with some reports of violent clashes between protesters and riot police. At least 10,000 people joined protests in Moscow, according to estimates, in a test to Vladimir Putin. Protests began in Russia’s Far East and Siberia on Saturday morning. Seven time zones east of Moscow, about 3,000 people marched across the city of Vladivostok on the Pacific Ocean, chanting “Navalny!” In Novosibirsk, chants “Putin is a thief” rang out in freezing minus 19 C temperatures as opposition supporters walked across the city to the main square.

  • Prominent Senate Republican warns Trump trial could spark more impeachments

    A prominent U.S. Senate Republican warned on Saturday that former President Donald Trump's second impeachment trial could lead to the prosecution of former Democratic presidents if Republicans retake the chamber in two years. Trump this month became the first U.S. president to be impeached twice after the Democratic-controlled House, with the support of 10 Republicans, voted to charge him with incitement of insurrection for a fiery Jan. 6 speech to his followers before they launched a deadly assault on the Capitol.

  • Trump shuns ex-presidents club

    It's a club Donald Trump was never really interested in joining and certainly not so soon: the cadre of former commanders in chief who revere the presidency enough to put aside often bitter political differences and even join together in common cause.

  • Israel targets flights, religious scofflaws, as virus rages

    Prime Minister Benjamin Netanyahu on Sunday said Israel will be closing its international airport to nearly all flights, while Israeli police clashed with ultra-Orthodox protesters in several major cities and the government raced to bring a raging coronavirus outbreak under control. The entry of highly contagious variants of the virus, coupled with poor enforcement of safety rules in ultra-Orthodox communities, has contributed to one of the world's highest rates of infections. It also has threatened to undercut Israel's highly successful campaign to vaccinate its population against the virus.

  • 'He's biting me!': New York City woman's face bitten in street attack by group of men

    "I couldn't believe it, it was like an animal. That's the only way I can put it, it was like an animal," the woman said of the assault in Harlem.

  • SNP reveals 'roadmap to referendum' as poll shows support for independence

    The SNP has revealed a "roadmap to a referendum" on Scottish independence, with the latest poll showing a majority want a fresh vote. Mike Russell, the Scottish Government's Constitution Secretary, will present the 11-point document to the party's policy forum on Sunday. It says a "legal referendum" will be held after the pandemic if there is a pro-independence majority following May's election. The roadmap states any attempt by the UK Government to challenge the legality of the referendum in the courts will be "vigorously opposed". A Section 30 order - part of the Scotland Act 1998 which allows Holyrood to pass laws normally reserved to Westminster - was granted by the UK Government ahead of the 2014 independence referendum.

  • $1 billion U.S. Mega Millions jackpot up for grabs after record winless streak

    A billion-dollar Mega Millions jackpot that has been building for four months will be up for grabs on Friday, available to whoever can beat the one-in-302 million odds. "We generally see a lot of the sales occur on the day of the drawings," Mega Millions spokesman Seth Elkin, of the Maryland State Lottery and Gaming Control Agency, said by telephone. The selection of the six numbers will be the 37th semi-weekly drawing since the last grand prize winner was picked on Sept. 15, the longest jackpot dry spell Mega Millions has ever had, Elkin said.

  • New Georgia senators carry John Lewis' influence with them

    Six months after his death, the late civil rights leader and longtime Georgia congressman John Lewis will retain a palpable influence in Congress: The state’s two new Democratic U.S. senators — both personal friends and admirers — promise to carry on his legacy. Sen. Raphael Warnock was Lewis’ pastor and stood at his bedside before Lewis died.

  • Florida man accused of being in Capitol riot arrested at Biden inauguration

    Samuel Camargo faces four charges including civil disorder, knowingly entering or remaining in any restricted building or grounds without lawful authority.

  • India to give homegrown vaccine in seven more states this week

    India said it will administer homegrown coronavirus vaccine COVAXIN in seven more states from Monday as it seeks to inoculate 30 million healthcare workers across the country. The government this month gave emergency-use approval to the vaccine, developed by Bharat Biotech International Ltd and state-run Indian Council of Medical Research, and another licensed from Oxford University and AstraZeneca PLC that is being manufactured by the Serum Institute of India.

  • Democrats make federal election standards a top priority

    Democrats plan to move quickly on one of the first bills of the new Congress, citing the need for federal election standards and other reforms to shore up the foundations of American democracy after a tumultuous post-election period and deadly riot at the Capitol. Absentee voting allowed for all or just voters with an excuse? Democrats, asserting constitutional authority to set the time, place and manner of federal elections, want national rules they say would make voting more uniform, accessible and fair across the nation.

  • Chinese fighter jets enter Taiwan air space for second day as tensions rise days into Biden term

    China ramped up its pressure on democratic Taiwan over the weekend, with an unusually large number of fighter jets approaching the island in a "test" for the new administration of US President Joe Biden. On Sunday, 12 Chinese fighter jets entered Taiwan’s air defence identification zone, along with a reconnaissance aircraft and two anti-submarine aircraft, Taiwan’s defence ministry said. A day earlier, China sent eight bomber planes capable of carrying nuclear weapons and four fighter jets to the same area to the southwest of the island, as well as one reconnaissance aircraft. On both occasions, Taiwan sent up aircraft, issued radio warnings to the Chinese aircraft, and deployed air defence missile systems to monitor their activity. Beijing claims self-governing Taiwan as part of its territory, and has been angered by a show of increased US support for Taiwan during Donald Trump’s administration. In recent months, China has carried out frequent, at times daily, incursions aimed at pressuring President Tsai Ing-wen’s government to accept Beijing’s demand that it recognise Taiwan as part of China. These incursions have usually consisted of just one or two reconnaissance planes in recent weeks, rather than the warplanes seen over the weekend.

  • Ailing pope, reducing appearances, prays for homeless dead

    Ailing Pope Francis, who this week is making limited public appearances due to persistent pain, has drawn attention to the plight of homeless people in winter, including a Nigerian man who froze to death near the Vatican. Francis on Sunday asked for prayers for the 46-year-old man named Edwin who he said was “ignored by all, abandoned, even by us.” The pontiff said on Jan. 20 “a few meters away from St. Peter's Square, because of the cold, a Nigerian homeless man was found dead.”

  • 'The trial is stupid': Senate Republicans throw cold water on Trump impeachment

    Speaking with NBC's "Meet the Press," Sen. Mike Rounds, R-S.D., called the impeachment trial "a moot point."

  • Biden administration to unveil more climate policies, urges China to toughen emissions target

    U.S. President Joe Biden's administration next week will release more policies it believes are needed to tackle climate change and is urging China to toughen one of its targets on greenhouse gas emissions, his top climate advisers said on Saturday. Gina McCarthy, the White House's national climate adviser, did not say what policies would be released. A memo seen by Reuters on Thursday showed Biden will unveil a second round of executive orders as soon as Jan. 27 that include an omnibus order to combat climate change domestically and elevate the issue as a national security priority.

  • A married Florida man used a dating app, cops say. They think he met his murderer

    Six days after Daytona Beach area man Bobby Scott was last seen, the Volusia County Sheriff’s Office arrested DeLand man Michael Harris Saturday night for Scott’s murder.