Georgia Howe
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I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Wednesday, December 18th, and this is your Morning Wire afternoon update. The Federal Reserve has announced its third consecutive interest rate cut, a 25 basis point reduction. This move lowers the federal funds rate to a target range of 4.25% to 4.5%, following similar reductions in November and September.
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Wednesday, December 18th, and this is your Morning Wire afternoon update. The Federal Reserve has announced its third consecutive interest rate cut, a 25 basis point reduction. This move lowers the federal funds rate to a target range of 4.25% to 4.5%, following similar reductions in November and September.
The Federal Open Market Committee says inflation is trending downward but remains above its 2% target, while unemployment has ticked up. The Fed says it remains focused on balancing risks to employment and inflation as uncertainty clouds the economic outlook.
The Federal Open Market Committee says inflation is trending downward but remains above its 2% target, while unemployment has ticked up. The Fed says it remains focused on balancing risks to employment and inflation as uncertainty clouds the economic outlook.
The Pentagon says China has nearly tripled its nuclear arsenal since 2020. The Defense Department now estimates China has over 600 operational nuclear warheads, compared to the low 200s just four years ago. China's rapid buildup aims to create a diversified nuclear force, ranging from low-yield missiles to intercontinental ballistic missiles.
The Pentagon says China has nearly tripled its nuclear arsenal since 2020. The Defense Department now estimates China has over 600 operational nuclear warheads, compared to the low 200s just four years ago. China's rapid buildup aims to create a diversified nuclear force, ranging from low-yield missiles to intercontinental ballistic missiles.
Officials warn the stockpile could exceed 1,000 warheads by 2030. Here's UK Special Forces Admiral Sir Tony Radican issuing a similar warning about China's growing stockpile earlier this month.
Officials warn the stockpile could exceed 1,000 warheads by 2030. Here's UK Special Forces Admiral Sir Tony Radican issuing a similar warning about China's growing stockpile earlier this month.
President Biden's approval rating has taken another dive, sinking to an all-time low, while Trump's numbers continue to rise. A new national poll by Marquette Law School found that Biden now holds an approval rating of just 34% and disapproval of 66% among adults. That's the worst rating in the poll since he took office. Meanwhile, views of Trump's presidency have climbed.
President Biden's approval rating has taken another dive, sinking to an all-time low, while Trump's numbers continue to rise. A new national poll by Marquette Law School found that Biden now holds an approval rating of just 34% and disapproval of 66% among adults. That's the worst rating in the poll since he took office. Meanwhile, views of Trump's presidency have climbed.
Marquette found that 53% of adults now view his first term favorably, up three points since October.
Marquette found that 53% of adults now view his first term favorably, up three points since October.
Those are your Drive Home updates this afternoon. To learn more about these stories, go to dailywire.com. And for more in-depth reporting on the biggest stories of the day, tune into our full episode of Morning Wire every morning.
Those are your Drive Home updates this afternoon. To learn more about these stories, go to dailywire.com. And for more in-depth reporting on the biggest stories of the day, tune into our full episode of Morning Wire every morning.
How are Trump's tariff threats playing into Trudeau's shaky situation?
How are Trump's tariff threats playing into Trudeau's shaky situation?
And as Trump promises to drain the swamp, the Biden administration is actively working to hire hundreds of DEI bureaucrats.
And as Trump promises to drain the swamp, the Biden administration is actively working to hire hundreds of DEI bureaucrats.
Donald Trump's increasingly aggressive tone towards Canada, which he calls the 51st state, seems to have the Canadian government on high alert. Meanwhile, Canada's prime minister is facing increased calls to resign.
Donald Trump's increasingly aggressive tone towards Canada, which he calls the 51st state, seems to have the Canadian government on high alert. Meanwhile, Canada's prime minister is facing increased calls to resign.