The Department of Justice has appealed a federal judge’s Oct. 13 order barring the Trump administration from enforcing its Sept. 18 revocation of White House press access for CNN, MSNBC and Politico during litigation. U.S. District Judge Timothy J. Kelly found the outlets are likely to prevail and said the revocations may violate the First Amendment and the Fifth Amendment’s notice-and-hearing protections. The administration revoked access citing unfavorable coverage; the three outlets sued alle

BLACKROCK CEO FINK says fear of data centers stems from misinformation.

Russell Investments senior strategist BeiChen Lin says the Fed is likely to pause rate hikes at the October meeting but to resume tightening in December. Lin cautions that upside inflation surprises remain the main risk: higher-than-expected inflation could force markets to reprice the probability of an October hike and the terminal fed funds rate. Russell adds that current inflation dynamics differ materially from 2022 — many drivers that pushed inflation then are no longer present — which should cap upside inflation and limit how high the fed funds rate ultimately needs to go. Near-term inflation prints may still affect policy timing, but the case for a materially higher terminal rate has likely weakened as prior inflation drivers fade.