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But his fans were, and Terence Crawford discovered that the loud way.

At Grand Arrivals for the two fighters, Crawford was greeted by loud boos on Tuesday, Sept. 9 at Fontainebleau Las Vegas hotel — early evidence Crawford will be treated like the villain when he and Alvarez fight on Saturday Sept. 13.

As the boos continued, Crawford smiled.

“This ain’t nothing different than when I went to Scotland and fought Ricky Burns,’’ he told boxing analyst Max Kellerman during the livestreamed event.

Crawford was referring to 2014, when he traveled to Scotland to fight Scottish boxer Ricky Burns for the WBO world lightweight title. At the time, Crawford said he would silence the crowd on fight night. He did just that, beating Burns by unanimous decision and winning his first world title.

So for Crawford, who’s from Omaha, Nebraska, Las Vegas suddenly feels a little like Scotland.

Not for Alvarez.

The Mexican star is about 1,500 miles from his birthplace of Guadalajara, and once again his fans are expected to flock, this time to watch him defend his undisputed super middleweight championship. The bout will take place at Allegiant Stadium, home of the NFL’s Las Vegas Raiders, and be livestreamed by Netflix three days before Mexican Independence Day.

“They’re all going to be quiet come Saturday,’’ Crawford told Kellerman, and he later remarked, “I’ve been booed before. Hey, listen, they can’t fight for him, so it don’t matter.’’

Alvarez arrived about an hour later and there was no need to talk about boos.

In Spanish Alvarez told his backers, “I’m super grateful for all the support that you always provided to me.’’

This post appeared first on USA TODAY

Tackling soaring inflation in the US is the job of the country’s central bank, known as the US Federal Reserve, or the Fed.

The US Fed has consistently made headlines in recent years due to its role in managing inflation through the use of interest rate changes.

Between mid-2021 and 2023, the US economy experienced high inflation, peaking at 8.5 percent in July 2022. The Fed has helped bring it largely under control through careful interest rate increases during that time period.

According to US Labor Department data, the inflation rate in July 2025 was 2.7 percent. As this is still above the Fed’s target of 2 percent, the bank has been slow to lower interest rates so far.

It’s important for any investor to understand the ins and outs of the Fed’s role in US monetary policy and interest rates, as its decisions have a strong impact on US and global markets as well as precious metals prices.

In this article

    What is the US Federal Reserve?

    The Federal Reserve, often referred to as the Fed, is the US central bank and monetary authority. It was established by the Federal Reserve Act in 1913, which gave the Fed responsibility for setting monetary policy in response to the 1907 Banker’s Panic.

    “The Panic was caused by a build-up of excessive speculative investment driven by loose monetary policy,” explains Investopedia. “Without a government central bank to fall back on, U.S. financial markets were bailed out from the crisis by personal funds, guarantees, and top financiers and investors, including J.P. Morgan and John D. Rockefeller.”

    Although it is an independent government agency, the Fed is accountable to the public and US Congress. The current Fed Chair is Jerome Powell, an investment banker who served as assistant secretary and undersecretary of the Department of the Treasury under former President George H.W. Bush. Powell took the helm at the Fed in 2018.

    The Fed has a dual mandate: to achieve stable prices and stable employment. The government agency also provides banking services and is the main regulator of the nation’s banks. In times of economic turmoil, the Fed also acts as a lender of last resort.

    It’s important to note that while the Fed manages the national monetary policy and regulates the financial system in the US, its actions also have a powerful influence on the global economy.

    What is the FOMC?

    The Federal Open Market Committee (FOMC) is the Fed’s monetary policy-making body. The 12 members of the FOMC are the seven members of the board of governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and four of the 11 reserve bank presidents who rotate through the positions for one year terms.

    Why does the US Federal Reserve hike or cut interest rates?

    For more than a century, the Fed has been tasked with keeping a watchful eye on any structural risk to monetary stability in the US financial system, and rising inflation and high unemployment are two of the biggest threats to monetary stability.

    In the face of rising inflation, the Fed raises interest rates in the hopes of reigning in rapidly rising prices by curbing demand. When interest rates are higher, borrowing money becomes more expensive, which ultimately slows consumer spending and curtails corporate growth.

    During times of slow economic growth, the Fed lowers interest rates in order to stimulate the economy. Lower interest rates in effect lower the cost of borrowing and investing for both businesses and individuals.

    The Fed’s goal is to keep inflation around its target rate of 2 percent, and unemployment around 4 to 4.5 percent.

    “The principle of inflation targeting is based on the belief that long-term economic growth is best achieved by maintaining price stability, and price stability is achieved by controlling inflation,” according to Investopedia.

    What are the biggest contributors to US inflation?

    Inflation is calculated through factoring in price changes of a weighted basket of goods and services, as well as housing.

    For example, the COVID-19 pandemic that began in 2020 caused a surge of inflation in the US and globally.

    Prices of goods were driven higher by a mix of factors, including significant supply chain disruptions hurting product availability, and economic stimulus packages increasing spending power and demand.

    Additionally, the lasting switch to work-from-home for many led to increased demand for homes with space for offices, driving up housing prices. As housing is the highest weighted factor when calculating US inflation, this was one of the biggest drivers of inflation in the 2020s.

    Global supply chains have since been hampered by factors like Russia’s ongoing war in Ukraine and growing conflict in the Middle East. There is also the uncertainty generated from the global wave of tariffs sparked by US President Donald Trump’s trade policies, which will raise the cost of goods purchased by American consumers.

    This global supply and demand imbalance has led to rising prices for a wide range of consumer products, from gas to groceries. The result has been a loss in purchasing power for US consumers as their dollar needs to stretch further.

    How much has the US Federal Reserve hiked rates since 2022?

    In an effort to fight inflation, the American central bank consistently increasing rates from its March 2022 meeting with an initial boost of 25 basis points. Its hike of 75 basis points in June 2022 was at the time its largest since 1994, and it was followed by another three hikes of this magnitude in 2022.

    The Fed raised interest rates by 5.25 percentage points between March 2022 and July 2023 before holding at 5.50 percentage points for more than a year. The Fed’s current rate cutting cycle began with a .50 drop in September 2024.

    _FOMC meeting date___

    Rate hike in basis points_

    Target federal funds rate_

    January 25 to 26, 2022

    N/A

    0 to 0.25 percent

    March 15 to 16, 2022

    +25

    0.25 to 0.5 percent

    May 3 to 4, 2022

    +50

    0.75 to 1 percent

    June 14 to 15, 2022

    +75

    1.5 to 1.75 percent

    July 26 to 27, 2022

    +75

    2.25 to 2.5 percent

    September 20 to 21, 2022

    +75

    3.0 to 3.25 percent

    November 1 to 2, 2022

    +75

    3.75 to 4.0 percent

    December 13 to 14, 2022

    +50

    4.25 to 4.5 percent

    January 31 to February 1, 2023

    +25

    4.5 to 4.75 percent

    March 21 to 22, 2023

    +25

    4.75 to 5.0 percent

    May 2 to 3, 2023

    +25

    5.0 to 5.25 percent

    July 25 to 26, 2023

    +25

    5.25 to 5.5 percent

    How many times does the Fed meet each year?

    The FOMC holds eight meetings per year, typically scheduled every seven weeks. According to the Fed’s website, during these meetings the FOMC “reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.”

    How many more US Federal Reserve meetings this year?

    As of August 21, three more Fed meetings are scheduled for 2025, and market participants will be closely watching these events.

    It’s too soon to know what exactly the Fed will do at these remaining meetings, but its July statement gives some clues — in it, the central bank said that it ‘seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate.’

    At the time, the Federal Reserve decided to hold rates steady at 4.25 to 4.5 percent for the fifth straight meeting as inflation remained elevated and job numbers appeared strong. The decision placed downward pressure on the gold price as a better economic outlook dimmed demand for the safe-haven asset.

    While the current tariff war between the US and many of its major trading partners has some calling for a return to higher inflation, weak unemployment figures and other economic data published since the last meeting has caused others to consider the potential for a recession before the end of the year.

    ‘At present, the latest economic data have been sufficiently mixed as to support either policy alternative,’ according to analysts writing for the Peterson Institute for International Economics. ‘The case for a rate cut is driven by the pronounced slowing in job creation, the failure of inflation to respond much to the initial tariff increases, and the fact that most FOMC participants view the current stance of policy as slightly tighter than neutral.’

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    • Billy Napier’s remarks after Florida’s loss to South Florida read like that of a coach waiting on a buyout check.
    • Napier fought off hot seat last season, but Florida’s upcoming schedule is tailormade for a firing.
    • Redirect hype from Clemson to Oklahoma. Only Sooners deserve it.

    Florida fans chanted for Billy Napier’s firing as they exited The Swamp after a loss to South Florida. By the time they reached the car park, those sober enough to generate coherent thought probably were brainstorming names of dream candidates to replace Napier.

    Can Oklahoma State borrow some of those names?

    Two weeks into the season, the hot seat is scalding, from Gainesville to Stillwater.

    There’s no hot seat in Clemson. Just Dabo Swinney talking up a come-from-behind win against Troy.

    Here are four questions on my mind after college football’s Week 2:

    Does Billy Napier have any fight left in him?

    Napier’s remarks after Florida’s loss read like that of a coach waiting on a buyout check.

    He said the Gators were “not good enough,” that he’s responsible for the shortcomings, and when asked about the team’s undisciplined play, Napier said, “I think it is coaching.”

    He’ll hear no argument here. Basically, Napier laid out a tidy synopsis for why Florida needs to fire up the buyout machine and get a coaching search humming.

    Four seasons into Napier’s tenure, we can fairly say coaching is quite obviously part of the problem. That cannot continue.

    Napier fended off the hot seat with Florida’s strong finish to last season, then surrendered his stash of goodwill at warp speed.

    It’s tempting to describe Florida’s 18-16 loss to the Bulls at The Swamp as stunning, but was it, really? South Florida had just smashed Boise State. The Bulls have positioned themselves as a prime contender for the Group of Five’s College Football Playoff spot.

    Meanwhile, Napier is a .500 coach, and September has been an awful month for Florida throughout his tenure. The Gators lost either the first or second game of the season in all four years under Napier. Three of those losses occurred at The Swamp.

    So, this counts as an upset, but it’s not stunning. With Florida’s next four games coming against ranked opponents, it sure wouldn’t be stunning if Napier absorbs a knockout punch before Columbus Day.

    “We’ll have our opportunity to respond,” Napier said after the loss.

    Consider it his last opportunity.

    Clemson more hype than national championship substance

    Believing in Clemson’s national championship potential required two things: One, you needed to buy that Cade Klubnik ranked among the nation’s elite quarterbacks. Two, you needed to believe Clemson beating SMU in last year’s ACC championship game foretold greatness in 2025.

    Through two games, there’s no greatness coming out of Clemson.

    Let’s reconsider last year’s narrow win against SMU, too. The Mustangs weren’t playoff caliber. The committee erred by selecting them, and Penn State waxed SMU in the first round. This season, SMU already has blown a lead and lost to Baylor, which previously got beaten soundly by Auburn. Last season, SMU lost at home to Brigham Young.

    So, Clemson’s only signature win these past two seasons wasn’t all that much of a statement.

    Also tucked inside Clemson’s last five games, dating back to last season, it lost to South Carolina at home, lost to Texas in the playoff, its offense turtled up in a home loss to LSU, and the Tigers needed a second-half rally to fend off Troy.

    Klubnik probably will feast on ACC defenses, but I’m not seeing an attack that would strike fear in Ohio State or Penn State or Georgia or Texas.

    Clemson remains an ACC contender, but this team shows little national championship substance after a preseason filled with hype. And we might need to rethink that whole ACC thing, depending on how this weekend goes against Georgia Tech.

    “We’ve played two games and given up three touchdowns — sign me up for that,” Swinney said.

    He needs to sign up for some more offense, too.

    Is Oklahoma for real?

    If you’ve got a quarterback, you’ve got a chance. The Sooners have a quarterback.

    Oklahoma looked the part of playoff contender in a 24-13 thumping of Michigan.

    Transfer John Mateer came to Oklahoma with good credentials from Washington State, but he struggled with his completion rate in his two games last season against Power Four opponents.

    How would he fare against a big-boy defense from Michigan?

    Pretty well.

    Mateer’s gassed up on moxie. He’s a shifty runner who’s also willing to get the hard yards. When a reporter mentioned to Mateer that he’s got some nifty moves, the quarterback just smiled and said, “Thank you,” as if the rest of us are just now realizing what anyone who faced him at Washington State already knows.

    Even better than the runs, though, were Mateer’s completions into tough coverage. He evaded pressure, scrambled out of the pocket and fired a rope up the sideline to fellow transfer Isaiah Sategna III for the night’s most brilliant completion. I didn’t see highlights like those coming out of Oklahoma last season.

    Mateer’s a bit of a risk-reward player. He threw several daring passes. Some found their mark. Others found the turf. He was fortunate to be intercepted just once, but, overall, Oklahoma’s pass game looked better than it did at any point last season. The return of Deion Burks to healthy form helps, and the offensive line mostly held up against Michigan.

    Oklahoma’s defense that’s intent on ‘hunting,’ as coach Brent Venables put it, should keep the Sooners in games against tough opponents. The rest is up to Mateer on his offense.

    The schedule is brutal. That could become an asset if the Sooners finish 9-3. A convincing victory against Michigan promises to be a long-term résumé booster.

    Is a playoff bid bound for the American?

    South Florida, owning wins against Boise State and Florida, established itself as the early frontrunner for the Group of Five’s playoff bid, but the American rolls a few-deep with playoff contenders. The Bulls will face Miami this weekend. A win would be huge for their playoff credentials, but the ticket remains in surviving the conference schedule.

    Tulane already skunked Northwestern. The Green Wave have Duke and Mississippi on deck. Don’t discount Memphis or Navy from the American, either.

    Oh, and don’t forget Dan Mullen. If the American devolves into a knockdown, drag-out battle royale, that’s an opportunity for Mullen’s undefeated UNLV Runnin’ Rebels, who cast more illumination of the error of Nico Iamaleava’s transfer to UCLA by beating the Bruins.

    Blake Toppmeyer is the USA TODAY Network’s senior national college football columnist. Email him at BToppmeyer@gannett.com and follow him on X @btoppmeyer.

    This post appeared first on USA TODAY

    The Indiana Fever will end the regular season with its toughest test yet.

    The Fever will host the league-leading Minnesota Lynx on Tuesday at Gainbridge Fieldhouse in Indianapolis, marking their third matchup in a little more than two weeks. Both teams have clinched postseason berths, with the Lynx locked into the No. 1 overall seed and homecourt advantage, but a lot is still on the line for the seventh-place Fever as they fight for better playoff positioning.

    Neither team will be at full strength. The Fever will be without Caitlin Clark (right groin), Chloe Bibby (left knee), Sydney Colson (left knee), Aari McDonald (right foot) and Sophie Cunningham (right knee), who have all suffered season-ending injuries. The Lynx will be without MVP frontrunner Napheesa Collier (rest) and DiJonai Carrington (left shoulder).

    The Fever defeated the Lynx 74-59 in the 2025 WNBA Commissioner’s Cup title game on July 1, but the Lynx got their revenge with a 95-90 win over the Fever on Aug. 22 in Indianapolis and a 97-84 victory in Minneapolis on Aug. 24. (Clark missed all three games.)

    Here’s everything you need to know about the Fever-Lynx game on Tuesday:

    What time is Minnesota Lynx at Indiana Fever?

    The Indiana Fever host the Minnesota Lynx at 7:30 p.m. ET (4:30 p.m. PT) on Tuesday, Sept. 9 at Gainbridge Fieldhouse in Indianapolis. The game will be broadcast nationally on ESPN.

    How to watch Minnesota Lynx at Indiana Fever: TV, stream

    • Time: 7:30 p.m. ET (4:30 p.m. PT)
    • Location: Gainbridge Fieldhouse (Indianapolis)
    • TV channel: ESPN
    • Streaming: ESPN+, Disney+, Fubo (free trial to new subscribers)

    Is Caitlin Clark playing on Tuesday?

    The Fever shut down Clark for the rest of the season on Thursday, Sept. 4, due to a right groin had that kept her sidelined since July 15. Clark announced the news on her X account, writing, ‘I had hoped to share a better update, but I will not be returning to play this season. I spent hours in the gym every day with the singular goal of getting back out there, disappointed isn’t a big enough word to describe how I am feeling.’

    The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

    This post appeared first on USA TODAY

    Now that the season has started, there are only two ways to improve your rosters — waiver wire and trades.

    Evaluating a fantasy trade can be a daunting task. Most managers value their players more than they’re actually worth. That’s where the Week 2 fantasy football trade value charts come in. You can also check out early Week 2 fantasy rankings to help with lineup and waiver decisions this week.

    The charts can be used as your very own fantasy football trade analyzer in standard, half-PPR (point per reception) and full PPR leagues. Someone sends you an offer? Simply pull out a calculator (on your phone, you don’t need an actual calculator) and plug in the values for each player. Don’t worry, six-points-per-passing-touchdown and superflex leagues are covered as well.

    Important note: If you’re offered an uneven trade (i.e., a 2-for-1 or 3-for-1), include the values for the players you’d be moving to the bench or dropping within your calculation. For example: If someone offers you Kenneth Walker, Javonte Williams and Hollywood Brown (combined value of 72) for Derrick Henry (64), it might look like you’re getting the better end of it. However, if you’re bumping down, say, Dylan Sampson and Kayshon Boutte (combined value of 30) in the process, it’s a net negative deal for you.

    Another note: The ‘1 QB’ values are for standard scoring leagues. Quarterback value diminishes in PPR formats, so deduct roughly 3% of their values in half-PPR and another 3% for full PPR (this number drops as the season goes on and people look to consolidate). For example: Josh Allen’s value in standard formats is 39. In half-PPR, his value would be 38 (deducted 3%), and in full PPR, his value would be 37 (deducted 6%).

    The rankings are based on how players should be valued in 12-team leagues. Players are sorted in order of their half-PPR values.

    (NOTE: App users might need to switch to a browser if the charts aren’t showing up.)

    Quarterback trade value chart

    (Note: ‘6/TD’ is for leagues that award six points for passing touchdowns and ‘SFLEX’ stands for superflex.)

    Running back trade value chart

    Wide receiver trade value chart

    Tight end trade value chart

    Overall Week 2 fantasy football rest of season rankings

    Note: These values are for 12-team, one-QB leagues with half-PPR scoring.

    This post appeared first on USA TODAY

    After Florida Gators head coach Billy Napier stated that defensive lineman Brendan Bett was remorseful for spitting on a University of South Florida player during a 18-16 loss in the second game of the season, Bett later expressed in a social media post that his actions were a mistake.

    During the game’s final two minutes, Bett received a 15-yard penalty for spitting on Bulls offensive lineman Cole Skinner. The penalty, a crucial moment in the game, allowed USF to secure a first down, and kicker Nico Gramatica later kicked a 20-yard field goal, ultimately securing USF’s first-ever win over Florida.

    In a public social media post, Bett expressed, ‘I let down my teammates, coaches, family and all of Gator Nation. Our coaches always instill in us the value of sportsmanship, and I crossed the line. I also want to apologize to South Florida. That’s not the person or player I strive to be. I made a terrible mistake, and it won’t happen again.’ Bett also specifically apologized to USF’s Skinner, stating, ‘There is no excuse for my actions. I am truly sorry to both you and your family.’

    Florida’s next game will be against LSU on Saturday, Sept. 13, and Napier said there would be ‘some internal discipline.’ It has not been disclosed what that will look like for Betts.

    This post appeared first on USA TODAY