Chinese leader at the White House: President Xi Jinping will meet President Obama, as well as other officials in Washington today. The New York Times reports China is expected to announce a cap-and-trade plan that would restrict greenhouse-gas emissions. Update: More here.
Pope at the U.N.: The papal visit to the U.S. continues with Francis addressing the U.N. today. He will also visit—and pray at—the 9/11 museum, visit a school in Harlem, and conduct Mass at Madison Square Garden.
Fed will raise rates this year: Janet Yellen, the Fed chair, made the remarks at a speech yesterday. But there was a caveat, as Bourree reported. Yellen added: “But if the economy surprises us, our judgments about appropriate monetary policy will change.” Investors apparently liked what they heard:
A review at the Hajj: Saudi King Faisal has ordered a safety review at the Hajj, a day after more than 700 pilgrims were killed in a stampede near Mecca. More than 800 others were injured. It’s the worst death toll at the pilgrimage since 1990 when 1,426 people were killed during a stampede. Update: More here.