Morning news brief

The Federal Reserve is set to hike interest rates Wednesday, a move that could have wide-reaching effects on the economy and consumer spending. Meanwhile, new reports reveal the Iran war has inflicted $30 billion in damages, highlighting the costly human and financial toll of prolonged conflict. The Kennedy Center board's decision to close following a judge's ruling underscores a significant shift in cultural and institutional support. These developments collectively paint a picture of economic, geopolitical, and cultural shifts that could reshape national and global landscapes.