Minute

• The Federal Reserve released minutes from its April 16 policy meeting, revealing internal division over the appropriate timeline for interest rate cuts, with several governors questioning whether inflation has declined sufficiently to warrant near-term reductions. • Hawks on the committee expressed concern that premature rate cuts could reignite price pressures, while doves argued that pausing at 5.5% risks unnecessarily constraining growth and employment, setting the stage for a contentious May 2 vote. • Market reactions to the minutes were mixed, with bond futures pricing in only a 28% probability of a rate cut by July 2026, down from 35% before the release, while equity index futures declined 0.6% on expectation of extended higher rates.

US president says in interview his curiosity probably slowed Secret Service efforts to rush him out of eventDonald Trump spoke with CBS correspondent Norah O’Donnell in an interview that aired Sunday night on 60 Minutes describing his ordeal at the White House Correspondents’ Association dinner when shots rang out.A gunman opened fire at the Washington Hilton hotel Saturday night, though he did not breach the basement-level ballroom where Trump was sitting at the time. The president described the events in an even tone, saying that he did not feel particularly alarmed as they unfolded. Continue reading...

Budget airline says change will take effect from November and will give passengers more time to clear securityRyanair will close airport check-in desks 20 minutes earlier to avoid passengers missing flights, it has announced, amid concern over border queues in Europe.The budget airline, which carries 200 million passengers annually, will require all passengers dropping bags or checking in at the airport to do so one hour before take-off rather than the current 40-minute deadline. Continue reading...

• The Federal Open Market Committee met on March 17–18, 2026, noting uncertainty in the economic outlook with options markets pricing a 30% probability of rate hikes early next year. • Broad equity indexes declined sharply while S&P 500 one-month volatility rose, driven by investor concerns over Middle East developments weakening confidence. • Financing conditions stayed restrictive for households, small businesses, and commercial real estate due to high costs and tight underwriting, though corporate debt spreads remained narrow.

Bret McKenzie and Jemaine Clement announce four shows at Wellington venue Meow Nui from next week – their first gigs since 2018New Zealand’s self-described “fourth most popular guitar-based digi-bongo-a cappella-rap-funk-comedy-folk duo” Flight of the Conchords sold out their first shows in eight years in minutes this week, sparking a frenzy among fans.Bret McKenzie and Jemaine Clement formed the musical comedy act in 1998, soaring to worldwide fame off the back of their HBO comedy series of the same name with tunes including Business Time and Hiphopopotamus vs Rhymenoceros. Continue reading...

• A new study from Project Viva shows that replacing 30 minutes of daily sitting time with exercise significantly lowers type 2 diabetes risk in teens aged around 13. • Researchers analyzed data from over 800 adolescents in Eastern Massachusetts who wore movement trackers and kept sleep logs for up to 10 days. • Results exceeded expectations, highlighting small lifestyle changes' strong protective effects against future diabetes in youth.

• NASA's X-59 Quesst low-boom supersonic demonstrator had its second flight on March 20, 2026, cut short after just 9 minutes due to a cockpit warning light. • The aircraft returned to base immediately, marking another delay for the already behind-schedule program. • NASA plans a speedy return to flight testing to advance quiet supersonic technology over land.