The DC National Guard began appearing in the nation’s capital on Tuesday after President Donald Trump announced a day earlier he is deploying guard troops and placing Washington, DC’s police department “under direct federal control,

SAN FRANCISCO (AP) — A federal judge in San Francisco is weighing whether the Trump administration violated federal law by sending National Guard troops to accompany immigration agents on raids in Southern California. A three-day trial on the matter concluded Wednesday.

Investors are betting harder on a September Federal Reserve interest rate cut after last month's mild inflation bump, which indicated the pass-through from President Donald Trump's sweeping import duties to goods prices has so far been limited.

Key Takeaways Four Federal Reserve officials spoke publicly after this week's inflation report, and none called for the central bank to cut interest rates.Financial markets are nonetheless pricing in a 100% chance the Fed will cut rates at its next meeting in September.