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Turkish central bank raises interest rate to 42.5% to combat high inflation

Published Sat, 28 Dec 2024 04:26:24 GMT

ANKARA, Turkey (AP) — Turkey’s central bank hiked its key interest rate by 2.5 percentage points on Thursday as part of its efforts to combat high inflation that has left many households struggling to afford rent and essential items.The bank’s Monetary Policy Committee raised its benchmark rate to 42.5%, delivering its seventh interest rate hike in a row to tame inflation, which rose to 61.98% last month.But the bank signaled that the rate hikes — which took borrowing costs from 8.5% to the current 42.5% — could soon end.“The committee anticipates to complete the tightening cycle as soon as possible,” it said. “The monetary tightness will be maintained as long as needed to ensure sustained price stability.”The series of rate hikes came after President Recep Tayyip Erdogan — a longtime proponent of an unorthodox policy of cutting rates to fight inflation — reversed course and appointed a new economic team following his reelection in May.The team includes former Merrill Lynch ba...

Toddler found wandering alone on South Side: police

Published Sat, 28 Dec 2024 04:26:24 GMT

CHICAGO — Chicago police are asking for help to identify a child found alone on the city's South Side.Police said the toddler, who appears to be 2 or 3-years-old, was seen walking alone in the 100 block of West 107th Street in the Roseland neighborhood around 1:30 a.m. Thursday.The child is described to be about 31 pounds with dark brown straight hair, light complexion, hazel eyes and was found without shoes or pants. The toddler only speaks Spanish.According to police, he was transported to Roseland Hospital for a medical evaluation where doctors found him to be healthy with no signs of physical abuse. Vigil held for 5-year-old migrant boy who died at Chicago shelter Anyone who recognizes the child or has any information that would assist in locating his parents, please call 911 or contact the Area Two Special Victims Unit at (312) 747-8274.

Unseasonable 50+ degree December 'warmth' this weekend and Christmas Day

Published Sat, 28 Dec 2024 04:26:24 GMT

Thursday night and Friday rainy spells are forerunners of more significant rains Monday into next weekWGN WEATHER HEADLINESCHECK OUT THE MILD AIR WHICH IS TO PRODUCE THESE HIGH TEMPS AND ABOVE NORMAL TEMP DEPARTURES EACH DAY THROUGH CHRISTMAS DAYChristmas Day temps this coming Monday will be VERY DIFFERENT than the chilly air which occurred a year ago.Current projections have the area of the Lower 48 with high temps at or above 50 degrees are to cover twice the size of last Christmas while nighttime sub-freezing temps will cover half the area than occurred a year ago.Here in Chicago Christmas day is likely to produce mid 50-degree temps, though SE winds will lower shoreline temps along with clouds and rain in the afternoon. A 55-degree high at O'Hare would come in 41 degrees warmer than last Christmas' 14-degree high!Forecast highs ThursdayForecast highs FridayForecast highs SaturdayForecast highs SundayForecast highs Christmas DayHERE'S THE STORM DRENCHING CALIFORNIA AND HEADED FOR...

Thursday Forecast: Temps in low 40s with isolated showers late

Published Sat, 28 Dec 2024 04:26:24 GMT

CHICAGO — Overcast skies Thursday won't keep temperatures from reaching the lower 40s.  Interactive Radar: Track showers and storms here There's a slight chance for isolated showers late this afternoon, before a better chance for scattered showers arrives this evening and continues overnight as temperatures fall into the upper 30s.  Chicago will stay cloudy Friday, with widespread rainfall expected as highs reach the mid-40s.Full forecast details and more at the WGN Weather Center blog

COVID, flu, RSV or strep? How to know which you have

Published Sat, 28 Dec 2024 04:26:24 GMT

(NEXSTAR) – If everyone you know is falling victim to illness this season, there's any number of widely circulating viruses – or even bacteria – that could be to blame. Respiratory illnesses, including COVID-19, RSV and the flu, are trending upward nationwide. Strep throat, which is caused by bacteria, is also more common in the winter and spring. Not to mention, rhinoviruses, also known as the common cold, circulate year-round. When you start to feel sick, it can be hard to tell what's the blame, and how you should seek treatment. 5 things to know about the new COVID variant of interest, JN.1 Using information from Children’s National Hospital in Washington, D.C. and the Centers for Disease Control and Prevention, we've created a chart that compares the illnesses at a glance. But remember while examining your symptoms is a good place to start, doctors recommend getting tested to help inform next steps. You can use a COVID test at home, and get tested for flu, RSV and strep ...

On and off wet weather through Christmas Eve

Published Sat, 28 Dec 2024 04:26:24 GMT

AUSTIN (KXAN) -- Our stretch of wet weather has arrived with scattered rain making for a slippery Thursday morning commute around the Austin-metro.A strong Pacific storm still hanging off the west coast will send a disturbance out ahead of it, increasing rain chances through the day today and tomorrow. Most of what falls will be light (less than 0.25") but heavier rain is likely Saturday into Sunday as the main storm approaches from the west.Moderate to heavy rain looking likely late Saturday into SundayIt will not rain every hour of every day, but on and off rain can be expected today through Christmas Eve.By the time everything is said and done, most areas are favored for 0.5"-1.25" of rain.Projected rainfall totals between Thursday - SundayA Christmas Day cold front is expected to bring back sunshine and cooler weather Monday through Wednesday next week. BLOG: How often does Austin typically freeze Winter Weather Outlook: What a strong El Niño could mean for rainfall and ice...

USPS cracks down on mail theft from stolen 'arrow keys'

Published Sat, 28 Dec 2024 04:26:24 GMT

AUSTIN (KXAN) -- It's the busiest time of year for the U.S. Postal Service -- and thieves are taking advantage. "We are currently in the middle of the holiday shopping season, which means additional packages will be delivered" in the coming days, said U.S. Postal Inspector and Public Information Officer Silvia Torres. "Those eagerly awaited packages are, unfortunately, also attractive to thieves."In one southwest Austin community, surveillance video captured criminals stealing mail with ease. By using stolen USPS master keys -- also called "arrow" or "universal" keys -- crooks are able to unlock multiple mailboxes at once."Yeah, not great. Not great at all," said Todd, a homeowner, whose mail was stolen. He asked KXAN not to use his last name or say where the area was out of fear for his safety. "It makes us think twice, certainly, about dropping off mail here at our mailbox," he said.Surveillance videos show the neighborhood has been targeted at least four times since last year, mo...

5 things to know this Thursday, December 21

Published Sat, 28 Dec 2024 04:26:24 GMT

ALBANY, N.Y. (NEWS10) -- Hang in there, only one more day until Friday. Happy Thursday! According to Meteorologists Jill Szwed and Matt Mackie, a cold front pushing through the region will bring cooler temperatures and a decent breeze out of the north. The combination of the two could make for an especially brisk feel later today. Get the latest news, weather, sports and more delivered right to your inbox! Craig Ross Jr., the man accused of kidnapping a 9-year-old girl in late September, will not appear in court on Thursday as scheduled. This comes as a result of George Conway, Ross’s appointed attorney no longer being able to represent him. Also, a crash from last month is still under investigation. The Fulton County Sheriff’s office says speed and alcohol seem to have been factors in the crash that left one man in a coma. These stories, and more, are covered in your five things to know this Thursday morning. 1. Accused kidnapper court appearance adjournedCraig Ross Jr., the man ...

Busiest travel days Thursday and Friday at Lambert INT'L Airport

Published Sat, 28 Dec 2024 04:26:24 GMT

ST. LOUIS - The holiday bustle has made it to St. Louis Lambert International Airport, with Thursday and Friday being the busiest travel days this week.A line can already be seen at the Delta ticket counter. Over on the big board, good news as of now: no delays for departures and arrivals so far Thursday.Here is the travel projection number from TSA for Lambert during this holiday season: Police bodycam video after Bar:PM crash under review TSA has released numbers for the two-week span that started back on December 13 and continues through the day after Christmas. Thursday and Friday are in the top five days in terms of travel numbers.TSA expects more than 17,500 passengers to pass through security Thursday at Lambert. On Friday, that number is expected to jump to nearly 17,800 passengers. For the entire two-week holiday period, TSA expects more than 228,000 travelers to pass through Lambert.

Crews investigating 'Tucker's Bar & Grill' fire in south St. Louis

Published Sat, 28 Dec 2024 04:26:24 GMT

ST. LOUIS - Firefighters at 'Tucker's Bar & Grill' reported a fire in the back of the building.This is on South Broadway near Catalan Street, in the patch neighborhood of south St. Louis. Police bodycam video after Bar:PM crash under review Ameren was also called to the scene for some downed power lines. So far, the cause of the fire has not yet been revealed.FOX 2 will update this story with more information as it becomes available.