Fed Raises Interest Rates by 25 Basis Points on Strong Economic Activity

The Federal Reserve raised interest rates by 25 basis points on May 3.

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The new target range for the federal funds rate is 0.75% to 1.00%.

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The decision was made based on a strong job market and solid economic activity.

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This is the third rate hike by the Fed since December 2016.

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The Fed also indicated it may raise rates two more times this year.

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Russia has accused Ukraine of attempting to assassinate President Putin.

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The Russian Federal Security Service claims to have foiled the plot.

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Ukraine has denied the allegations, calling them "absurd" and "fake."

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Tensions between Russia and Ukraine have been high since the annexation of Crimea.

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