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Photo: Scott Eisen/Getty Images

Ten-term incumbent Massachusetts Democratic Rep. Michael Capuano has conceded to Ayanna Pressley in Tuesday night's primary elections, reports the Associated Press.

Why it matters: Ayanna Pressley, a 44-year-old black woman, will likely become the first black female member of Congress from Massachusetts. After Alexandria Ocasio-Cortez's upset victory in New York, this is further evidence of the power of insurgent, progressive campaigns led by women of color.

The backdrop: Capuano, who is white, hadn't faced a serious primary challenger since he was first elected in the late 1990s. This year changed everything when 44-year-old Ayanna Pressley — the first black woman to serve on Boston City Council — ousted him

But this race became more about representation in Congress and electing a new generation of leaders than it was about progressive vs. "establishment" Democrats.

  • Capuano had been leading by double digits in the polls. He joined the Congressional Progressive Caucus during his first term in office. He's expanded the state's housing, health care projects and transit system, per NYT.
  • He supported Medicare-for-all before it became a staple of the Democratic Party. He's supported an impeachment vote against President Trump. Over 30 years ago he led an effort to make a "sanctuary city" of Somerville, Massachusetts.
  • They've both agreed they're likely to vote the same way on critical issues.
  • Pressley's campaign staples are “economic inequality, the wealth and wage gap, structural racism, and gun violence,” she told Jezebel.
  • "I’m not running to keep things as they are," Pressley told NYT. "I’m running to change them."

The bottom line: The political climate in 2018 favors women, political newcomers, and underdogs. Ayanna Pressley is the latest example of that in one of the last Democrat-on-Democrat primaries of the season.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Correction: This story has been updated to reflect that Pressley could be the first female black Congressperson for Massachusetts.

Go deeper

The front-runners for Biden's Supreme Court pick

Judge Kentaji Brown Jackson (left) and Justice Leondra Kruger (right) Tom Williams-Pool/Getty Images and Lonnie Tague, US Department of Justice

Two highly accomplished Black female judges — Ketanji Brown Jackson, a judge on the D.C. Circuit Court of Appeals; and Leondra Kruger, a justice on the California Supreme Court — are seen as the early front-runners to replace retiring Supreme Court Justice Stephen Breyer.

The big picture: Jackson is a powerful federal judge with a record that progressives feel they can trust. Kruger was a highly regarded litigator and has carved out a reputation for working well with conservative judges.

Fed: Rate hikes "will soon be appropriate"

The Federal Reserve's headquarters building. Photo: Anna Moneymaker/Getty Images

Federal Reserve officials expect "it will soon be appropriate" to raise the central bank's main target interest rate, setting the stage for a rate hike at its next meeting in mid-March.

Driving the news: In a statement following a two-day meeting published Wednesday afternoon, however, the policy-setting Federal Open Market Committee teed up its next move without taking new action.

How long it’s taken to confirm Supreme Court justices

Expand chart
Data: Axios research, U.S. Supreme Court, Supreme Court Historical Society; Chart: Jacque Schrag/Axios

It takes a U.S. president an average of 70 days from the date a Supreme Court seat is vacated to nominate a replacement, according to data from the Supreme Court Historical Society.

Why it matters: With news outlets reporting liberal Supreme Court Justice Stephen Breyer's plans to retire, Democrats will be looking to confirm President Biden's nominee with enough time to refocus the national political debate ahead of the midterms.