Fed to make interest rate decision for 1st time since war with Iran spiked oil prices

Fed to make interest rate decision for 1st time since war with Iran spiked oil prices
Fed to make interest rate decision for 1st time since war with Iran spiked oil prices
Construction on the Marriner S. Eccles Federal Reserve building on March 10, 2026 in Washington, DC. (Photo by Al Drago/Getty Images)

(WASHINGTON) — The Federal Reserve will unveil on Wednesday its latest decision on interest rates, marking the first such move since the U.S.-Israeli war with Iran drove up gasoline prices and risked a wider bout of inflation.

The elevated price increases coincide with a slowdown of economic growth, threatening to intensify an economic double-whammy known as “stagflation,” which poses difficulty for the Fed.

If the Fed opts to lower borrowing costs, it could spur growth but risk higher inflation. On the other hand, the choice to raise interest rates may slow price increases but raises the likelihood of a cooldown in economic performance.

Markets are expecting the Fed to hold interest rates steady. Investors peg the chances of interest rates being left unchanged at about 99%, according to the CME FedWatch Tool, a measure of market sentiment.

The central bank maintained the current level of interest rates at its most recent meeting in January, ending a string of three consecutive quarter-point rate cuts.

The benchmark rate stands at a level between 3.5% and 3.75%. That figure marks a significant drop from a recent peak attained in 2023, but borrowing costs remain well above a 0% rate established at the outset of the COVID-19 pandemic.

A lackluster jobs report last week showed the U.S. economy lost 92,000 jobs in February, which marked a reversal of fortunes for the labor market and erased most of the job gains recorded in 2026.

The unemployment rate ticked up from 4.3% in January to 4.4% in February, the BLS said. Unemployment remains low by historical standards.

A revised government report last week on gross domestic product (GDP) showed the economy grew at a sluggish annualized pace of 0.7% over the final three months of 2025.

Those economic headwinds helped set the conditions before the outbreak of war with Iran, which spiked oil prices and risked price increases for a host of diesel-fuel transported goods.

U.S. crude oil prices hovered at about $96 per barrel on Tuesday, soaring more than 50% since a month earlier.

Since the military conflict began, U.S. gas prices had gone up 81 cents to an average of $3.79 per gallon as of Tuesday, according to AAA.

The rate decision on Wednesday will also mark the first such move since a federal judge blocked Justice Department subpoenas to the Federal Reserve’s Board of Governors after determining the government “produced essentially zero evidence” to support a criminal investigation of Fed Chair Jerome Powell, according to an unsealed court opinion.

“A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning,” U.S. District Judge James Boasberg said in his opinion on Friday.

Acting U.S. Attorney Jeanine Pirro blasted Boasberg as an “activist” judge and pledged to appeal his ruling.

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Head of London’s Metropolitan Police pushes for unredacted Epstein files

Head of London’s Metropolitan Police pushes for unredacted Epstein files
Head of London’s Metropolitan Police pushes for unredacted Epstein files
Prince Andrew, Duke of York attends the traditional Easter Sunday Mattins Service at St George’s Chapel, Windsor Castle on April 20, 2025 in Windsor, England. (Photo by Max Mumby/Indigo/Getty Images)

(NEW YORK) — One month after the arrest of former Prince Andrew, the head of London’s Metropolitan Police is pushing U.S. officials for unredacted material from the Epstein files.

In an interview with ABC News’ chief investigative correspondent Aaron Katersky, Metropolitan Police Commissioner Sir Mark Rowley said his office is in communication with the Department of Justice to access the original documents related to ongoing investigations of both Andrew Mountbatten-Windsor and former British ambassador to the U.S. Peter Mandelson.

“Of course, there’s a big body of that evidence … in the United States in all those files and at some stage we’re going to need the unredacted evidence,” Rowley said. “We need the original copy and where did it come from and that’s going to be necessary if we get to the stage of court cases.”

While Department of Justice officials have repeatedly insisted that there is nothing more to investigate stateside about the convicted sex offender and his co-conspirator Ghislaine Maxwell, officials in the United Kingdom are carrying out unprecedented investigations into both Mountbatten-Windsor and Mandelson on suspicion of misconduct in public office.

Emails released earlier this year by the Department of Justice suggested that both Mountbatten-Windsor and Mandelson appeared to share sensitive information with Epstein stemming from their roles as the U.K. trade envoy and business secretary, respectively.

In one email released by the Department of Justice and referenced by Rowley, Mandelson appeared to confirm the timing of an impending bailout with Epstein during the European Union’s sovereign debt crisis.

“It looks like it was shared with Epstein so we’re looking at that as to whether that’s a criminal offense and then colleagues in Thames Valley are looking at other documents that Andrew Mountbatten-Winsor potentially shared,” Rowley said.

According to Rowley, his department is also assessing “a whole range of suggested sexual allegations” to determine if any “merit a criminal investigation.”

Suspicion about Mountbatten-Windsor began years ago following the publication of a photograph showing the former prince with his arm around the waist of Virginia Guiffre, who said she was 17 years old at the time of the photograph. Before she died by suicide last year, Guiffre alleged that Epstein trafficked her in 2001 to have sex with the former prince. Mountbatten-Windsor has long denied wrongdoing and told the BBC in 2019 that the allegations are not credible.

When asked about the allegations made by Guiffre, Rowley claimed that the information they received from Guiffre during four recorded interviews could not support an investigation.

“With Virginia Guiffre, we did four of those interviews with her … .and those interviews didn’t give us any evidence or any allegations of sexual offending or trafficking that we could investigate in the UK,” he said. “That’s why that investigation didn’t go forward.”

However, Rowley said he hopes the renewed look at the allegations against Mountbatten-Windsor helps improve the public’s trust that law enforcement is willing to scrutinize anyone regardless of their title or status.

“Those investigations all go wherever the evidence takes them — quite comfortable with investigating sort of famous or powerful people. I think it’s really important for policing to do that, that sense of operating without fear or favor. The law applies equally to everyone, and those cases will go, say, wherever the evidence leads us to,” he said.

Rowley said the investigation into Mountbatten-Windsor comes as the Metropolitan Police is increasingly targeting sexual and domestic violence.

“We’ve developed tactics to be much more proactive and targeting the most dangerous men who pose a threat to women and children just like we do terrorists and organized crime. So, a combination of factors has seen the rates steadily coming down,” he said. “We’re making big progress and most of all — at the center of all this that matters to me and matters to policing — is trust in the police’s building in London.”

Rowley also touted some of the technology used by the Metropolitan Police to lower crime rates such as facial recognition, which he said has allowed officers to identify violent offenders while minimizing intrusion to the broader public.

While he acknowledged that the technology has raised privacy concerns, Rowley argued that the focus on targeting violent offenders using the technology can help improve the public trust — something he says is foundational to the Metropolitan Police’s 200-year history.

“[Policing] should start from the idea of having the consent of people in a democracy and use the minimum force necessary and be focused on the prevention of crime, and those ideas still guide us today,” he said.

Rowley said he hopes being upfront with the public about the work of the Metropolitan Police — from low-level street crimes to allegations against some of the most prominent people in British society — can renew the public’s trust in law enforcement.

“Policing in the UK will operate without fear or favor, that’s the fundamental principle. I think if you don’t have that, you’re never going to have the trust and confidence of the public in policing, so that’s really important to me,” he said.

Copyright © 2026, ABC Audio. All rights reserved.

Scoreboard roundup — 3/17/26

Scoreboard roundup — 3/17/26
Scoreboard roundup — 3/17/26

NEW YORK) — Here are the scores from Tuesday’s sports events:

NATIONAL BASKETBALL ASSOCIATION
Cavaliers 123, Bucks 116
Suns 104, Timberwolves 116
76ers 96, Nuggets 124
Spurs 132, Kings 104
Heat 106, Hornets 136
Thunder 113, Magic 108
Pistons 130, Wizards 117
Pacers 110, Knicks 136

NATIONAL HOCKEY LEAGUE
Wild 4, Blackhawks 3
Predators 4, Jets 3
Sharks 3, Oilers 5
Panthers 2, Canucks 5
Sabres 2, Golden Knights 0
Lightning 6, Kraken 2
Islanders 3, Maple Leafs 1
Bruins 2, Canadiens 3
Hurricanes 1, Blue Jackets 5

2026 WORLD BASEBALL CLASSIC CHAMPIONSHIP
Venezuela 3, United States 2 (Final)

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Georgia boy Vincent Mason’s finding plenty of success with Morgan Wallen, Jordan Davis & Parker McCollum

Georgia boy Vincent Mason’s finding plenty of success with Morgan Wallen, Jordan Davis & Parker McCollum
Georgia boy Vincent Mason’s finding plenty of success with Morgan Wallen, Jordan Davis & Parker McCollum
Vincent Mason (Weiss Eubanks/NBCUniversal)

Roswell, Georgia, native Vincent Mason is undergoing a major life change these days, as he enjoys the top-20 success of his debut single, “Wish You Well.”

“I’m just glad it’s going well. Being on country radio is really cool,” he tells ABC Audio. “For me, growing up in Georgia, I think everybody always knew what was on the radio. Whether you’re really a fan or not, you just heard it at the gas station or whatever in the grocery store. So it’s cool for me to be on country radio.”

Vincent’s currently playing Australia with Jordan Davis, before he kicks off seven stadium dates with Morgan Wallen April 10 in Minneapolis. 

“There’s a lot of things that came through that have been really cool this year,” he says. “That one was by far the one that stopped the most people in their tracks, especially like my family. And they’re all just kind of like, ‘Well, damn, that’s pretty cool!'”

Vincent’s cool gigs don’t end there. In June, he starts a stint with Parker McCollum that goes through the end of September. 

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Is Sphere Las Vegas about to turn Pink?

Is Sphere Las Vegas about to turn Pink?
Is Sphere Las Vegas about to turn Pink?
Pink performs on her Summer Carnival tour at the Moody Center on Nov. 3, 2024 in Austin, Texas. (Amy E. Price/Getty Images)

Backstreet Boys were the first pop act to have a residency at Sphere Las Vegas, but so far, there haven’t been any solo pop acts who’ve done it. However, that might be changing.

The Las Vegas Review-Journal reports that Pink is “all but signed” to play the venue in 2027, though there have been no official confirmations or denials. Pink reportedly looked into Vegas venues as far back as 10 years ago, the outlet reports, but nothing ever came of it, perhaps because at the time, there were no venues available that could accommodate the aerial tricks that make up a big part of her shows.

The Sphere, however, can definitely accommodate those kinds of stunts, with a ceiling that’s 366 feet high. That’s about the length of a football field standing on its edge.

Pink’s most recent tour wrapped up in November 2024. She and her family recently moved to New York City to help her daughter Willow Sage Hart pursue her Broadway dreams.

No Doubt will make their Sphere debut starting in May, while previous headliners Kenny Chesney, the Eagles and Phish are returning for more shows. Metallica will start their residency in October, and Mexican artist Carin León will perform there in September. 

Copyright © 2026, ABC Audio. All rights reserved.

Alex Isley announces When The City Sleeps Tour

Alex Isley announces When The City Sleeps Tour
Alex Isley announces When The City Sleeps Tour
Alex Isley When The City Sleeps tour art (Live Nation)

Alex Isley has announced a tour in support of her upcoming album, When The City Sleeps.

The When The City Sleeps Tour will kick off May 26 at the Tabernacle in Atlanta and will see Alex travel across the U.S. and Canada, playing in New York, Toronto, Chicago, Los Angeles and other major cities. It is set to wrap up June 26 with a performance at the House of Blues in Dallas.

“I can’t WAIT to see sing cry dance sway with yall,”  Alex wrote on Instagram.

Presales for the tour start Wednesday at 10 a.m. local time, with tickets going on sale to the general public on Thursday at 10 a.m. local time via LiveNation.com and AlexIsleyofficial.com.

When The City Sleeps, Alex’s major-label debut, arrives on Friday.

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Sublime exhibit to debut at Grammy Museum in LA

Sublime exhibit to debut at Grammy Museum in LA
Sublime exhibit to debut at Grammy Museum in LA
Bud Gaugh, Eric Wilson and Jakob Nowell of Sublime pose during the 2025 Shaky Knees Festival at Piedmont Park on September 19, 2025 in Atlanta, Georgia. (Scott Legato/WireImage)

The Grammy Museum in Los Angeles has announced a new exhibit dedicated to Sublime. 

Among the items going on display include handwritten lyrics to the songs “Wrong Way” and “Garden Grove,” used instruments and equipment, rare photos, and the bucket hat late frontman Bradley Nowell wore in the video for “Badfish.”

“It’s incredible that we have sold so many albums and have not toured or wrote new music in 30 years — a true testament to our fans for keeping this dream alive,” says drummer Bud Gaugh in a statement. “Seeing the Grammy Museum celebrate this chapter of our story with an exhibit is really meaningful to us. Thank you to the fans for all of the support, you are all crazy and we are crazy in love with you!”

The Sublime exhibit will be open from March 27 to Sept. 7. You can buy tickets now via GrammyMuseum.org.

Sublime disbanded in 1996 following the death of Nowell. They reformed in 2023 with Nowell’s son, Jakob Nowell, alongside original members Gaugh and bassist Eric Wilson.

A new Sublime album, the first in 30 years, is due out later in 2026.

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David Bowie wanted ‘Peaky Blinders’ to use songs from ‘Blackstar’ on the show

David Bowie wanted ‘Peaky Blinders’ to use songs from ‘Blackstar’ on the show
David Bowie wanted ‘Peaky Blinders’ to use songs from ‘Blackstar’ on the show
Cover of David Bowie’s ‘Blackstar’ (Parlophone Records)

The new Peaky Blinders movie, Peaky Blinders: The Immortal Man, is in select theaters now and will debut on Netflix Friday. To coincide with the release, its star Cillian Murphy has shared his choices for the ultimate Peaky Blinders playlist, and that includes“Lazarus” from David Bowie’s final album, Blackstar.

It turns out, Bowie had a real connection to the series, which debuted on Netflix in 2014, and always wanted his music to be a part of it.

In a interview posted to Instagram, Murphy says Bowie was “a very early advocate of the TV show,” noting, “He loved it from the start when many people didn’t.”

“I worked with him briefly in the year before he died and we’d spoke about it,” he says. “He told me how much he loved it and then I sent him the cap that I wear in series 1 with the razor blade in it and everything. And he sent me back a picture of him wearing it, which I treasure.”

Murphy says after Bowie died in 2016, they found out he had wanted songs from Blackstar to be used in the show.

“We were all like speechless and just kind of overwhelmed and just beyond moved,” Murphy says. “And then we tried to use them in a fitting way and I think that it really works.”

Also included on Murphy’s playlist is Black Sabbath’s “War Pigs.” Murphy notes “you could draw some line” between his character Tommy Shelby and Ozzy Osbourne. “Kind of rebels, both of them,” he says.

The list also includes songs by Sinéad O’Connor, Leonard Cohen and Radiohead Thom Yorke.

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Luke Thompson on Benedict’s ‘refreshing’ coming out scene in ‘Bridgerton’ season 4

Luke Thompson on Benedict’s ‘refreshing’ coming out scene in ‘Bridgerton’ season 4
Luke Thompson on Benedict’s ‘refreshing’ coming out scene in ‘Bridgerton’ season 4
Yerin Ha as Sophie Baek and Luke Thompson as Benedict Bridgerton in the sixth episode of ‘Bridgerton’ season 4. (Liam Daniel/Netflix)

(SPOILER ALERT) Bridgerton season 4 is continuing its reign atop the Netflix charts, having danced its way into its seventh week as part of the platform’s Top 10 TV chart.

Millions of fans are still swooning over Benedict (Luke Thompson) and Sophie’s (Yerin Ha) love story. There’s a specific moment in the sixth episode of the season that had fans reeling. Sophie reveals to Benedict that her mother was a maid and that her father was Lord Penwood. In return, Benedict shares a secret of his own: he’s been intimate with men in the past.

Thompson spoke to ABC Audio about how these confessions allowed the pair to finally communicate and see each other in new ways. He said one of the reasons he loves the moment is because it is not your usual coming out scene.

“It’s atypical in that, and that’s always been the case with Benedict … sex hasn’t been something he’s ever been particularly scared or worried about,” Thompson said. “Him opening up to Sophie like that feels like something he is doing for Sophie as a gesture of openness rather than to get something off his chest.”

Thompson truly believes Benedict when he tells Sophie he refuses to be ashamed about the confession.

“That doesn’t feel like a cover,” Thompson said. “I think that’s genuinely true. And quite distinctive, I think, for a male character to feel no shame like that.”

The actor said it “feels like it’s a real gesture for Sophie rather than something that he’s trying to sort out for himself.”

“I think that’s refreshing,” he said.

Part 2 of Bridgerton season 4 arrived to Netflix on Feb. 26. All episodes are streaming now.

Copyright © 2026, ABC Audio. All rights reserved.

And after all, how long will the Oasis documentary be?

And after all, how long will the Oasis documentary be?
And after all, how long will the Oasis documentary be?
Liam and Noel Gallagher of Oasis walk together on stage to perform as part of their Live ’25 global tour in Sydney, Australia. (Chris Putnam/Future Publishing via Getty Images)

The story of the Oasis comeback is turning out to be quite a long one to tell.

According to Steven Knight, who’s producing a documentary on the “Wonderwall” outfit’s 2025 reunion tour, the length of the upcoming film currently rivals that of the extended versions of the Lord of the Rings movies.

“We’ve got it down to four hours,” Knight tells the Project Big Screen podcast. “So we’ve gotta get it down.”

Knight further describes the movie as “a documentary with a plot.”

“It’s actually got a story, and then we’ve expanded it,” Knight says. “You’ll see when you see.”

It also sounds likes a good portion of the four hours will be filled with memorable lines from brothers Noel Gallagher and Liam Gallagher.

“They’re just one quote after another,” Knight says. “They’re just so funny.”

Oasis’ reunion tour marked the band’s first live shows in 16 years, and officially ended the long-running feud between the Gallagher brothers.

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