Two Blair County men are behind bars with bail denied Wednesday after officers uncovered a large drug trafficking operation spanning two decades that allegedly saw the pair traffic nearly $500,000 worth of narcotics from New York City in a single day. Olubayo Mensah Ranger, 45, and Anthony ...
WASHINGTON — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened concerns about persistent inflation among Fed officials. In an unusually short statement after their two-day meeting, the officials dropped language that had suggested their next move would be to cut the key rate. The brief statement reflects the influence of new chair Kevin Warsh, who was appointed by ...
Shoppers stepped up their spending in May and surpassed expectations as temperatures warmed and gasoline prices leveled off. Retail sales rose 0.9%, up from a revised 0.4% gain in April, according to Commerce Department data released Wednesday. Sales got a boost from generous government tax refunds in both April and May, though economists say that cash cushion is starting to fade. Excluding sales at gas stations, retail sales in May rose 0.7%. The figures aren’t inflation-adjusted so higher prices likely helped boost sales. But economists point to healthy spending with increases ...
U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation. The S&P 500 slumped 1.2% Wednesday after the Fed released projections showing nearly half its policymakers foresee at least one increase to its main interest rate in 2026. The Dow Jones Industrial Average went from a gain of 0.5% in the morning to a drop of 1%, while the Nasdaq composite sank 1.3%. Japanese trade officials raid 6 ice cream makers Six major Japanese ice cream makers have been raided by the government fair trade watchdog officials on suspicion of price ...
The Altoona Mirror will be printing a Friday, June 19, paper. Due to the Juneteenth holiday, however, mail delivery customers will not receive their newspaper until Saturday. The Friday Mirror will be available at altoonamirror.com and on the All Access app. Mirror subscribers who have not yet activated their online or All Access account are urged to do so.
Jharell Young (right), 14, and Brody Morrison, 15, both of Altoona, work their way along 11th Street offering lawn care services on Wednesday. Mirror photo by Patrick Waksmunski
