Drift ice in the Arctic Ocean. Photo: Arterra/UIG via Getty Images

The global average temperature for the first quarter of 2018 was cooler than in recent years but warm compared to historical averages, new federal data shows.

By the numbers: Temperatures were 1.33°F above the 20th century average, and it was the sixth-warmest January–March in modern temperature records that date back to 1880.

  • "The 2018 year-to-date value was 0.77°F lower than the record high set in 2016 and was the coolest such period since 2014. The years 2015-2017 rank among the three warmest January–March on record," the National Oceanic and Atmospheric Administration said in its latest monthly climate snapshot.

Up north: The data also highlights the ongoing reduction in sea ice in the Arctic.

  • "On March 17, the Arctic sea ice extent reached its annual maximum extent at 5.6 million square miles. This was the second lowest maximum extent on record, behind 2017. The four smallest Arctic sea ice maximum extents have occurred in the last four years," NOAA said.
  • Why this matters: From a separate NASA primer on the topic last month:
"The decline of the Arctic sea ice cover has myriad effects, from changes in climate and weather patterns to impacts on the plants and animals dependent on the ice, and to the indigenous human communities that rely on them. The disappearing ice is also altering shipping routes, increasing coastal erosion and affecting ocean circulation."

Go deeper

Commission releases topics for first presidential debate

Moderator Chris Wallace. Photo: Drew Angerer/Getty Images

Fox News anchor Chris Wallace has selected what topics he'll cover while moderating the first presidential debate between President Trump and former Vice President Joe Biden next week.

What to watch: Topics for the Sept. 29 debate will include Trump and Biden's records, the Supreme Court, COVID-19, economic policy, racism and the integrity of the election, the Commission for Presidential Debates announced on Tuesday. Each topic will receive 15 minutes of conversation and will be presented in no particular order.

Fed chair warns economy will feel the weight of expired stimulus

Treasury Secretary Steven Mnuchin and Fed Chair Jay Powell bump elbows before House hearing on Tuesday. Photo: Joshua Roberts/Pool/AFP via Getty Images

Federal Reserve Chairman Jerome Powell told the House Financial Services Committee on Tuesday that the expiration of Congress' coronavirus stimulus will weigh on the U.S. economy.

Why it matters: Powell warned that the effects of dried-up benefits are a looming risk to the economy, even if the consequences aren't yet visible.

1 hour ago - World

Beijing draws Chinese companies even closer

Illustration: Annelise Capossela/Axios

Chinese Communist Party Secretary Xi Jinping announced last week that the party must strengthen its leadership over private companies, and that entrepreneurs must meet the party's needs. 

Why it matters: Xi's new announcement will increase fears that Chinese businesses may serve as a Trojan horse for the CCP.

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