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Powell says inflation is showing signs of resuming cooling trend
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Financial Times - World
Fed officials wanted ‘greater confidence’ that US inflation was cooling
Minutes of June meeting showed some officials were concerned about effect of high rates on job marketFederal Reserve -
NBC News - Top stories
Fed says inflation is moving in the right direction
Federal Reserve officials indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates.Federal Reserve -
ABC News - World
Netanyahu will dispatch negotiators to resume Gaza cease-fire talks, an Israeli official says
Netanyahu will dispatch negotiators to resume Gaza cease-fire talks, an Israeli official saysIsrael -
CNBC - Business
Is inflation Biden's or Trump's fault? The answer isn't so simple, economists say
Biden and Trump traded barbs on the state of the U.S. economy during their first debate. But who or what is really responsible for inflation?Joe Biden -
The Wall Street Journal - World
Biden Presses Netanyahu to Close Cease-Fire Deal After Talks Show Progress
An embattled U.S. president pressed the Israeli prime minister to hammer out a Gaza cease-fire deal, saying now is the time to save the lives of hostages held by Hamas.Joe Biden -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
Financial Times - World
Indonesia’s Prabowo sparks spending concerns with $28bn free school meals plan
Incoming president considers enlarged government and increased borrowing in break with predecessor Widodo -
Financial Times - World
FirstFT: Democratic governors back Biden
Also in today’s newsletter, a $2.65bn luxury department store deal and Goldman lobbies to change Fed’s stress test resultJoe Biden -
Financial Times - World
Belarus opposition calls for Brussels to protect stateless exiles
Also in this newsletter: How mafia organisations are infiltrating local governments in Italy -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve
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MarketWatch - Business
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Starmer’s Labour Party returns to power in the U.K. for the first time in 14 years: exit poll
Keir Starmer’s Labour Party has vaulted back to power in the U.K. for the first time in 14 years, according to exit poll data released Thursday. -
MarketWatch - Business
‘This is my big chance to secure my future’: I’m about to inherit $600,000. What should I do with all this lovely cash?
“Should I go for a high-yield account or a money-market for savings? I already have 401(k), IRA, and brokerage accounts, and laddered CDs.” -
MarketWatch - Business
‘He thinks I’m too materialistic’: My husband and I are in our 40s. He takes zero interest in our finances. He doesn’t even know the name of our mortgage company. What can I do?
“I am really worried that if I’m not around, he will not be able to manage the basics of everyday life for himself and our children.” -
MarketWatch - Business
‘I’m watching every last cent’: For July 4, my friend booked an Airbnb on Cape Cod — and said I’m welcome to visit. Should I offer to pay half?
“This vacation is already nearly breaking my budget.”