Front Page: The New York Times- Thursday May 4, 2023


Fed Makes 10th Rate Increase and Opens Door to Pause

Cutting interest rates this year “is not in our forecast,” Jerome H. Powell, the Fed chair, said during a news conference on Wednesday.

The Fed raised rates by a quarter point, bringing them above 5 percent for the first time in more than 15 years.

Moscow Claims Explosions Above the Kremlin Were an Attempt to Kill Putin

Russian law enforcement officers standing guard in Red Square in Moscow on Wednesday. Two drones detonated above the Kremlin earlier in the day.

Russia said Ukraine had launched a drone attack, which Kyiv vehemently denied, accusing Russia of manufacturing a pretext for escalation.

Companies Flock to Biden’s Climate Tax Breaks, Driving Up Cost

A law to boost clean energy appears to be more potent than predicted, with big implications for both budget talks and efforts to fight climate change.

The ‘Peace Dividend’ Is Over in Europe. Now Come the Hard Tradeoffs.

Defending against an unpredictable Russia in years to come will mean bumping up against a strained social safety net and ambitious climate transition plans.


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