The Federal Reserve is expected to raise interest rates for the first time in three years as the Iran war pushes inflation higher and borrowing costs climb. Two government reports reveal the conflict has cost over $30 billion, damaged hundreds of U.S. military buildings, and strained weapons stockpiles. Meanwhile, the Kennedy Center board voted to close for renovations after a judge blocked President Trump's name from the building, and Trump says he won't proceed unless that changes. The Federal Reserve will raise benchmark interest rates by a quarter percentage point today, primarily to combat inflation driven partly by Iran war-related energy price spikes.