Fed’s interest rate hike, Atlanta shooting, Kremlin: Wednesday’s news

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Another rate hike from the Federal Reserve. And Russia says a drone attack on the Kremlin was an attempt to kill its president.

👋 Well, hello there! Laura Davis here. It’s time for Wednesday’s news!

🐻 But first, a big bear scare! A school principal got a morning surprise when a black bear jumped out of a dumpster and sent him running. See the video here.

The Short List is a snappy USA TODAY news roundup. Subscribe to the newsletter here.

One last interest rate hike?

The Fed’s most aggressive rate-hiking campaign in 40 years may be history. The Federal Reserve raised its key short-term interest rate by a quarter percentage point Wednesday and signaled it could now pause if inflation continues to ease as expected. In a statement after a two-day meeting, the central bank removed previous guidance that “some additional policy firming (rate hikes) may be appropriate” to lower yearly inflation to its 2% target. Here’s what you need to know.

Woman accused of hiding suspected killer of 5 in Texas

The man accused of killing five of his neighbors in rural Texas was taken into custody Tuesday after a four-day search, authorities said, and a woman was arrested Wednesday on accusations that she was keeping him hidden. Officials said Divimara Lamar Nava, 53, previously denied knowing the whereabouts of suspected gunman Francisco Oropeza, 38, and was hiding him in the home near Conroe, Texas, where he was found. More updates.

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