Cartoon

The Bottom Line

Written by SK Ashby

(Cartoonist - Adam Zyglis)

In other news, ABC News reports that special prosecutor Robert Mueller has already been investigating the link between Trump's campaign and Cambridge Analytica. Mueller's team has interviewed RNC staffers who worked with both the campaign and Cambridge.

Meanwhile, the Austin bomber was identified this morning as a 23-year-old white male who killed himself when authorities pulled him over on the highway. The suspect reportedly wrote blog posts opposing abortion and gay marriage.

Finally, the Federal Reserve raised interest rates this morning and is expected to raise rates at least two more times this year and possible three times in 2019. Notably, the Fed still expects the economy will slow down at some point next year when the initial stimulus of the GOP's tax cuts evaporates.

Fed officials raised their forecast for 2017 GDP growth from 2.5 percent in December to 2.7 percent, and increased the 2018 expectation from 2.1 percent to 2.4 percent.

However, growth is likely to cool after, with the 2020 forecast holding at 2 percent and the longer-run measure still at 1.8 percent.