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US Fed official says rate hikes may be needed if inflation surges
The Minneapolis Fed president, Neel Kashkari, said a series of rate increases “could be warranted” if inflation worsens due to the Middle East conflict.
First seen · 4:26 PM UTCMay 1, 2026
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International Workers' Day
Commemorates Chicago's 1886 Haymarket affair, where a labor rally turned deadly. A public holiday in over 80 countries — rarely the US, where it started.
Public holiday
Labour Day
Labour Day is observed in Andorra (Festa del Treball). Recognized nationally.
Public holiday
May Day
May Day is observed in Albania (Dita Ndërkombëtare e Punonjësve). Recognized nationally.
Public holiday
Labour Day
Labour Day is observed in Armenia (Աշխատանքի օր). Recognized nationally.
Also on this date in history
All →2024
The 2024 Loblaw boycott, a Canadian boycott against retail corporation and grocer Loblaw Companies, begins.
Milestone2019
Naxalite attack in Gadchiroli district of India: Sixteen army soldiers, including a driver, killed in an IED blast. Naxals targeted an anti-Naxal operations team.
Milestone2019
Naruhito ascends to the throne of Japan succeeding his father Akihito, beginning the Reiwa period.
Milestone