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    Fed hike, House exit and T. rex temperature

     
    TODAY’S ECONOMY story

    Fed hikes key interest rate, drawing Trump ire

    What happened
    The Federal Reserve yesterday raised its benchmark interest rate for the first time in more than three years. The unanimous vote to raise rates by a quarter-point, to about 3.9%, was “aimed at combating inflation brought on by spiraling oil prices and other factors,” including AI spending and tariffs, CNBC said. The “vast majority” of the Fed policymakers also “penciled in one more hike this year,” The Wall Street Journal said, “implicitly” undercutting “the White House’s insistence that inflation isn’t a concern.” 

    Who said what
    The “American economy appears to be strengthening,” but “inflation is too high and has been for too long,” Fed Chair Kevin Warsh told reporters after yesterday’s vote. President Donald Trump, who made clear he wanted rate cuts when selecting Warsh, broadcast his displeasure. “LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!” he wrote on social media. Rates “should be 1%, or less.” 

    Warsh told reporters he had “nothing for you on a discussion with the president.” But Trump said at a campaign stop in North Carolina that he’d told Warsh beforehand that he “might as well vote with the board because it’s just not going to matter.” He said he had faith in Warsh, but the rest of the board are “very hostile” and “very political,” and “they’re raising the rates to make Trump do as bad as they can possibly can do.” 

    What next?
    Most economists expected the Fed to hold rates steady at its October meeting, “because it is just a week before the midterm elections,” The Associated Press said. But “Wall Street analysts now see a rate hike by December as a near certainty.” 

     
     
    TODAY’S CONGRESS story

    House clears Russia sanctions bill, quits early

    What happened
    The House yesterday passed sweeping legislation to punish Russia and voted to hold billionaire Leon Black in contempt of Congress for defying subpoenas tied to Jeffrey Epstein, then adjourned until after the Nov. 3 midterms. House Speaker Mike Johnson’s (R-La.) “decision to send the House home early — again” — exacerbated his “increasingly bitter feud” with Rep. Thomas Massie (R-Ky.) over his alleged use of the calendar to “dodge politically painful votes,” Axios said. 

    Who said what
    Massie (pictured above) “seized control” of the House for a “blistering hourlong speech” in which he accused Johnson of cutting out a day early to stymie “his bipartisan effort to force the release of more” Epstein files and his resolution to impeach Defense Secretary Pete Hegseth, The Associated Press said. It was a “colorful capstone” to Johnson’s “tumultuous” two-year tenure, during which he “repeatedly and abruptly canceled House voting days” to avoid “disruptions from his own rebellious flank — particularly those legislative efforts that threatened to rebuke President Donald Trump.” By one count, Johnson cut a net 24 days this year, “about one-fourth of the total scheduled.”

    What next?
    The Russian sanctions bill, which passed 262-159, now goes to Trump’s desk for his expected signature. The legislation “targets Russia’s energy and defense industries” to “deprive Moscow of funds used to pay for its war with Ukraine,” Reuters said. But it “faced pushback because it also authorizes Trump to impose stiff tariffs ​of up to 100%” on countries that don’t “reduce their dependence on Russian oil and gas.” 

     
     
    TODAY’S SCIENCE Story

    T. rex had humanlike body temperature, study finds

    What happened
    Tyrannosaurus rex, the “king of the dinosaurs,” was warm-blooded, with an average body temperature of 97 degrees Fahrenheit, scientists reported yesterday in the journal Science Advances. The researchers, from UCLA, calculated the dinosaur’s temperature by analyzing the chemical makeup of tiny samples of enamel drilled from three T. rex teeth. That “clever geochemistry technique” revealed that “T. rex ran hot, but not too hot,” The New York Times said, “somewhere on the body-temperature spectrum near large mammals like Indian elephants (97 degrees) or humans (98 degrees).” 

    Who said what
    The T. rex temperature is “unusually high for a reptile,” CNN said, but dinosaurs “share an evolutionary link with birds,” and 97 degrees “sits between” reptiles and “modern avians.” The findings “can help scientists piece together how the dinosaur might have lived,” said The Associated Press. The UCLA researchers calculated that T. rex “could have lived across most of prehistoric North America.” Being warm-blooded “really places new constraints on its behavior, its physiology, how it interacted with other species and how much food it needed,” study co-author Robert Eagle told CNN. 

    What next?
    Scientists plan to “test these methods on other dinosaurs to see how warm or cold they ran,” the AP said. “There’s lots of interesting, charismatic species that could be explored using this,” said Eagle.

     
     

    It’s not all bad

    Nine new species of deep-sea sponge have been discovered off the coast of Alaska, a finding that opens up new pathways to learn about marine biodiversity. They were picked up in the Gulf of Alaska and Aleutian Islands during the National Oceanic and Atmospheric Administration’s annual bottom-trawl. Sponges filter seawater, create habitats and are “ecologically important,” NOAA scientist Sean Rooney told The Guardian. This discovery brings the number of known sponge species near Alaska to 232.

     
     
    Under the radar

    DNA’s complex role in personality, life outcomes

    More than 1,000 gene variants are associated with personality, including more than 800 not previously linked to it, according to a study published in the journal Nature. These genetic variants also “partially predict mental and physical health, longevity, education, career paths and outcomes, and even how people are perceived by close others,” Michigan State University said in a news release. 

    While scientists have known that a variety of factors, including DNA, could affect personality, the “challenge has been deciphering the specific pathways through which a genetic blueprint nudges the direction of a person’s life,” said The New York Times. To figure that out, researchers had participants provide DNA samples and fill out a questionnaire measuring the “Big Five” personality traits: “openness to experience, conscientiousness, extraversion, agreeableness and neuroticism,” MSU said. Those traits are “relatively stable and habitual differences in how people think, feel and act.” 

    Participants shared demographic and lifestyle information, allowing the researchers to “see links between personality traits, genetic variants and other parts of people’s lives,” said Time. For example, the variants linked to conscientiousness were “associated with being more active during the day while variants linked to openness to experience and extraversion were linked to being more of a night owl,” said the release. People with variants associated with neuroticism tended to spend more time at hospitals. 

    Of course, experiences can shape personality too. Genetic variants linked to openness predict that a person will “move to more cosmopolitan neighborhoods,” MSU said. But “living in those neighborhoods may reinforce and further shape that same trait.”

     
     
    On this day

    September 17, 1978

    Israeli Prime Minister Menachem Begin and Egyptian President Anwar Sadat signed the Camp David Accords. The accords won the two leaders that year’s Nobel Peace Prize, but they were not well-received in the Arab world and Sadat was assassinated in 1981. Egypt and Israel have maintained diplomatic relations, but lasting peace in the Middle East has proved elusive.

     
     
    TODAY’S newspaperS

    ‘Shaky investment’

    “Despite Trump, Fed raises rates 1st time in years,” The Boston Globe says on Thursday’s front page. “With Fed rate hike, borrowers pay more,” The Atlanta Journal-Constitution says. “Markets slump as Warsh warns on inflation,” The Wall Street Journal says. “World starts seeing U.S. as a shaky investment,” The New York Times says. “EU offers to make Canada ‘associate,’” the Los Angeles Times. “Dems open big lead in polls,” says the Milwaukee Journal Sentinel. “Trump: Kennedy Center could be ‘ripped down’” as “arch harm to historic sites is conceded” in court, The Washington Post says. “Clean-air rollbacks sparking concerns,” says USA Today. “Family sues over abortion law,” alleging Texas prevented dead mother from “receiving lifesaving medical care,” The Dallas Morning News says. Joint Chiefs chair “Caine says U.S. battlefield now extends around moon,” says The Washington Times. 

    ► See the newspaper front pages

     
     
    Tall tale

    Digging down treasure

    Dozens of competitors entered the Hungarian Association of Cemetery Maintainers and Operators’ annual grave-digging contest, using picks and shovels to excavate the perfect final resting place. Working together, Róbert Nagy and László Kiss dug out the winning grave in 1 hour and 21 minutes. Along with the title of fastest grave diggers, they also split a $640 prize. The goal of the contest is to show off the “grave-digging trade and its skills,” said The Associated Press, and “shake off death-related taboos.”

     
     

    Morning Report was written and edited by Nadia Croes, Catherine Garcia, Scott Hocker, Anya Jaremko-Greenwold, Justin Klawans, Rafi Schwartz, Peter Weber and Kari Wilkin, with illustrations by Stephen Kelly and Julia Wytrazek.

    Image credits, from top: Michael Nagle / Bloomberg / Getty Images; Roberto Schmidt / Getty Images; Robyn Beck / AFP via Getty Images; Illustration by Julia Wytrazek / Getty Images
     

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