Wednesday's Morning Email: Federal Reserve Considers Raising Interest Rates

Wednesday's Morning Email: Federal Reserve Considers Raising Interest Rates

morning email

janet yellen

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"On Dec. 18, 2008, the Federal Reserve cut interest rates to zero. Unemployment was then 7.3 percent, and would later peak at 10 percent in October 2009. Six years, eight months, and 28 days after cutting rates to zero, with unemployment down to 5.1 percent, the Fed has to decide -- as it has 54 times since December 2008 -- whether it's time to raise interest rates." Here's where this Federal Reserve meeting could rank in terms of historical impact on the markets. [Ben Walsh, HuffPost]

Round two of the GOP primary debate contest kicks off tonight at 8 p.m. EST on CNN. Who will come out a winner in tonight's match? Check out HuffPost's homepage tonight for live coverage and analysis of the debate. [Scott Conroy, HuffPost]

"Over the course of 20 years, Johnson & Johnson created a powerful drug, promoted it illegally to children and the elderly, covered up the side effects and made billions of dollars. This is the inside story." [Steven Brill, HuffPost]

Taking a look at the items refugees leave behind in their journey West. [Chris McGonigal, HuffPost]

South Carolina and Alaska top the list. [Melissa Jeltsen, HuffPost]

"This is the present, and the future, of climate change. Our overheated world is amplifying drought and making megafire commonplace. This is happening even in the soggy Pacific Northwest..." Check out a map of the fires raging throughout California. [Rolling Stone]

After Elton John said he had a productive conversation with Vladimir Putin, the Russian president's spokespeople fervently denied they ever talked. You couldn't make this back-and-forth up. [Ryan Grenoble, HuffPost]

WHAT'S BREWING

Is this Reddit or YouTube? What is happening to the world? [The Verge]

Say it's so Snow, say it's so. [HuffPost]

Expect an injection of hilarity. [The Wrap]

Another way to send the cash politicians' way. [Twitter]

Finding the last places on Earth not polluted by noise. [Smithsonian Magazine]

"It didn't take me long to I find that I could refund about 30 cancellations every hour -- just by hitting the $5 "Appease" button -- which meant all I needed to work was a 2.75 hour blitz before the end of my shift to hit the 80-ticket-per-day quota." [The Billfold]

Say goodbye to human empathy. [Gizmodo]

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WHAT'S WORKING

"A coalition of climate groups is crowdfunding to help Californians affected by the state's historic drought and devastating wildfires." [HuffPost]

ON THE BLOG

"I pulled my face out of my toilet and made my way to the sink. I caught a glimpse of my sweaty, makeup-stained, swollen-lipped face and thought, 'Yep, this is the face of pregnancy.'" [HuffPost]

BEFORE YOU GO

~ Could Prince Harry be reuniting with Chelsy Davy? (And check out that scruff.)

~ You know that shooting star you just wished on? It could have been astronaut excrement.

~ Justin Timberlake and Anna Kendrick will be voicing the leads in the animated musical "Trolls." It's music to our ears (sorry, had to).

~ Apple promises that the latest iPhone update released today improves battery performance.

~ Yes, you need to see Stevie Wonder singing karaoke to his own songs.

~ Jake Olson, a blind long-snapper, practiced with the USC Trojans this week. The team hopes to get him into a game someday.

~ Arianna Grande proved she is the queen of musical impressions.

~ How is this guy's beard at NYFW this long?

~ Lunchables, ranked.

~ Unretouched photos of extreme weight loss tell the true story.

~ Will Jon Hamm finally win an Emmy this weekend?

Send tips/quips/quotes/stories/photos/events/scoops to Lauren Weber at lauren.weber@huffingtonpost.com. Follow us on Twitter @LaurenWeberHP. And like what you're reading? Sign up here to get The Morning Email delivered to you.

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