Will the Federal Reserve hike rates at its next meeting in June — for the 11th time in a row — or pause? Wall Street seems to be betting on the latter, but it was a topsy-turvy journey to that consensus last week.

Rates traders are betting that the steepest global tightening cycle in a generation is over and that monetary

A Republican representative from Arizona triggered an angry response in the House of Representatives after using the term “coloured people” to refer to Black Americans during a floor debate. Eli Crane’s proposed amendment to an annual defence policy bill was met with a strong rebuke by the former chair of the Congressional Black Caucus over his usage of the outdated phrase to refer to people of colour. Joyce Beatty, the Democratic representative from Ohio, demanded the phrase be struck from the record through the unanimous consent of the House. “My amendment has nothing to do with whether or not coloured people or Black people or anybody can serve. It has nothing to do with any of that stuff,” Mr Crane said during the debate on the GOP-backed amendments to the National Defence Authorisation Act. “The military was never intended to be, you know, inclusive. Its strength is not its diversity. Its strength is its standards,” he said. “I am going to tell you guys this right now you can: You can keep playing around these games with diversity, equity and inclusion. But there are some real threats out there. And if we keep messing around and we keep lowering our standards, it’s not going to be good,” said the 43-year-old Republican. “I find it offensive and very inappropriate. I am asking for unanimous consent to take down the words of referring to me or any of my colleagues as coloured people,” the 73-year-old Ms Beatty said soon after Mr Crane’s remarks. At this point, Mr Crane interrupted and requested his statement be revised to use the phrase “people of colour” instead. The words were eventually struck from the record through unanimous consent. “In a heated floor debate on my amendment that would prohibit discrimination on the colour of one’s skin in the Armed Forces, I misspoke,” Mr Crane said in a statement. “Every one of us is made in the image of God and created equal.” On Thursday night, the House approved Mr Crane’s amendment with a vote of 214-210. “This just happened on the floor of the United States House of Representatives. A House Republican just referred to Black Americans serving in our military as ‘colored people.’ In 2023,” tweeted representative Don Beyer. “This is a shameful moment on the House floor,” tweeted the Black Caucus. “Rep Eli Crane referring to Black service members who risk their lives for our country as ‘colored people’ is unconscionable. The GOP fights against diversity, equity and inclusion training and prove everyday why it’s necessary.” Ms Beatty also took to social media after the debate to offer her response to the incident. “I am still in utter shock and disbelief that a Republican uttered the words ‘colored people’ in reference to African-American service members who sacrifice their lives for our freedom,” she tweeted. “I will not tolerate such racist and repugnant words in the House Chamber or anywhere in the Congress. That’s why I asked that those words be stricken from the record, which was done so by unanimous consent.” Read More Long-serving Ohio Democrat Kaptur heads back to Congress From AOC to Joe Manchin, the Democratic divide is becoming more severe Joe Biden signs law making lynching a federal hate crime: ‘Hate never goes away, it only hides’ Disney is asking a judge to toss a lawsuit from DeSantis appointees Democratic lawmaker screams at ‘exhausting’ Matt Gaetz on House floor Iowa's restrictive abortion measure faces legal challenge as governor prepares to sign it into law

NEW YORK U.S. interest rate futures on Wednesday saw an increased probability of another interest rate increase by

Match report and player ratings from the Championship play-off final between Coventry City and Luton Town

Some held up pictures of those taken hostage or killed, some lit candles, while others stood in tears.

Mattel reported a drop in profits Wednesday on lower sales, including a decline in Barbie products...

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--Aug 23, 2023--

Wisconsin’s Capitol building is one of the most open in the country, which made it easy for a man to walk in this week with a loaded handgun in search of the Democratic governor

Keeley and Roy have been on a rollercoaster, going from friends to lovers to being friends again. But are they 'just pals'?

MELEKHOVO, Russia (Reuters) -Jailed opposition leader Alexei Navalny appeared before a Russian court on Monday to defend himself against new

Max Verstappen bounced back from his mistake in qualifying for the United States Grand Prix to put his Red Bull on pole position for today’s sprint race. Verstappen will line up from only sixth place for Sunday’s main event at Austin’s Circuit of the Americas after his quickest lap was chalked off for exceeding track limits here on Friday night. But less than 24 hours later, the triple world champion atoned for his error to seal top spot ahead of Ferrari’s Charles Leclerc by 0.055 seconds for the 19-lap dash to the chequered flag later today. “The last lap was not great but we are still on pole so it shows the car is working well,” said Verstappen, with less than a tenth separating the top-three drivers. “It will be an exciting afternoon with cars close to each other so we don’t know what will happen in the sprint race. Normally in the race we are okay, but this track is demanding.” Lewis Hamilton finished third, seven hundredths behind Verstappen, with Lando Norris and Oscar Piastri fourth and fifth respectively for McLaren. George Russell qualified eighth. It was not all plain-sailing for Verstappen after he spun on the exit of Turn 9 in Q2. Verstappen took too much kerb on the entry to the left hander which sent him onto the grass and into a pirouette. But after he completed a 360-degree spin, Verstappen was able to make it back to his garage and into Q3. Hamilton also survived a hairy moment in the opening phase of qualifying when he nudged the back of Yuki Tsunoda’s AlphaTauri. “Check my front wing,” said Hamilton on the radio. “One of the drivers blocked me and we touched.” Hamilton was able to continue and although the stewards noted the incident, no further action was taken. Daniel Ricciardo, absent from the last five races with a broken hand, out-qualified Tsunoda to progress to Q2 and finish 11th. Tsunoda starts 19th, one place ahead of Logan Sargeant who propped up the order for the second day in a row at his home event. The sprint gets under way at 5pm local time (11pm BST). Read More I can do something wiser with my time – George Russell stops using social media Charles Leclerc snatches pole position after Max Verstappen’s lap was deleted Daniel Ricciardo ready for AlphaTauri return at United States Grand Prix On this day in 2009: Jenson Button crowned Formula One world champion in Brazil FIA to review Qatar GP as ‘dangerous’ temperatures prompt driver complaints Lewis Hamilton and George Russell vent anger on radio after collision in Qatar