Display Most Recent Post only

I’m tying to figure out a way to get only the most recent post in a particular category to display rather than all of the posts in a particular category.

I am using the <?php if ( in_category('events') ): ?> command in The Loop in order to display only the items in a certain category. Is there another command that I can use in order to tell it to display only the most recent post and ignore the rest?

I appreciate any help anyone can provide.