Fed’s Williams defends response to postpandemic inflation surge
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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 -
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 -
The Hill - Politics
Will the Fed hit its inflation target by 2025? Don’t bet on it.
Treasury Secretary Janet Yellen expressed optimism that the Federal Reserve Board's 2 percent inflation target might be achieved by 2025, but other forecast groups show a less optimistic outlook, with inflation expected to remain above 2 percent ...Federal Reserve -
CBS Sports - Sports
Auburn's Cam Coleman, Alabama's Ryan Williams poised to lead surge of SEC freshman WRs in 2024
The SEC looks primed for an uptick in contributions from freshman receivers in 2024 -
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 -
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 -
MarketWatch - Business
Why stocks will be the best bet for your money if the Fed can’t get inflation down
Investing for retirement, college and other longer-term goals should favor stocks over bonds.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 -
Financial Times - World
Is US inflation still falling?
Market Questions is the FT’s guide to the week aheadInflation -
Financial Times - World
Migration, inflation and vacation
The idea that mass tourism is creating knock-on effects like price rises is causing tension in the countries most-visitedInflation -
BBC News - Top stories
Sunak - 'I take responsibility for the loss'
In a fairly short speech, Rishi Sunak concedes defeat after holding his seat in Richmond, Yorkshire. -
BBC News - Top stories
Fans and pundits react to England win
Watch the reaction from England fans and the BBC presenting team as Gareth Southgate’s side beat Switzerland on penalties in the quarter-finals of Euro 2024. -
ESPN - Sports
Laporta: Barcelona can afford Nico Williams deal
Barcelona president Joan Laporta claims the club have the money to sign winger Nico Williams, who has been one of the revelations of Euro 2024. -
Financial Times - World
Questions in the wake of the global inflation hit
There is still too much we do not know about what happened and why -
CBS News - Top stories
Israel considers Hamas response to cease-fire proposal
An Israeli delegation headed by Mossad Director David Barnea is traveling to Qatar in a continuation of talks on a potential cease-fire and hostage deal.Israel -
BBC News - Top stories
Sunak apologises after Tory defeat and says he will step down
In a speech outside Number 10, Mr Sunak said he would step down as party leader once arrangements for a successor are in place. -
Yahoo Sports - Sports
KD shares heartfelt response to Klay's goodbye post
Kevin Durant left a heartfelt comment on former teammate Klay Thompson's goodbye post to Dub Nation. -
ESPN - Sports
Brazil boss takes 'full responsibility' for Copa exit
Brazil coach Dorival Junior said he takes "full responsibility" for his team's underwhelming Copa América quarterfinal exit after losing to 10-man Uruguay 4-2 in a penalty shootout on Saturday.Brazil -
The Wall Street Journal - World
Only the Fed Can Rekindle America's Love for Cars
New-vehicle sales are stuck in middle gear as high interest rates and high prices push less affluent consumers into the secondhand market.Federal Reserve -
The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
Financial Times - World
What the Fed should put on the Jackson Hole agenda
Central bank should use the summer to address issues key to America’s economic wellbeing and global financial stabilityFederal Reserve -
Inc. - Business
The Fed's Odds for a September Rate Cut Just Spiked
Slack in the labor market and cooling inflation have shifted market bets. -
CBS News - Top stories
Voters sound off on inflation ahead of 2024 election
Many Americans say for the last couple of years, their finances either haven't changed or have gotten worse, according to CBS News polling. CBS News executive director of elections and surveys Anthony Salvanto spoke with George Fleur, a landscaper ... -
CBS News - Top stories
What will happen to the price of gold if inflation hits 2%?
Inflation could influence the price of gold, but it's not the only factor. Here's what to consider. -
Yahoo Sports - Sports
Five first-round picks remain unsigned, including Caleb Williams
With little room for haggling, all deals should be done by now. -
The Guardian - World
Serena Williams thanks Andy Murray for ‘speaking out for women’ in tribute
Williams tells Murray he has ‘special place in my heart’US star posts video celebrating ‘incredible career’ on XSerena Williams has thanked Andy Murray for “speaking out to much for women” in a social media tribute congratulating him on his ...Serena Williams -
Financial Times - Business
Starmer stands supreme but he cannot ignore the Reform surge
Tories suffer a punishment beating from the voters -
CNBC - Business
McDonald's shortens breakfast hours in Australia in response to nationwide egg shortage
Australia is facing an egg supply crunch thanks to bird flu outbreaks — and it's led McDonald's to trim breakfast hours by 90 minutes.Australia -
GameSpot - Tech
The First Descendant's Microtransaction System Prompts Mixed Response From Players
With the launch of The First Descendant, its microtransaction system has garnered mixed reactions from players. The game has also been experiencing some issues and developer Nexon is providing some in-game compensation.. The First Descendant has ... -
Inc. - Business
Legislators Call on Silicon Valley Fintech Heavyweights to Assume Responsibility in Synapse’s Collapse
Thousands of consumers and businesses are still locked out of their accounts--andmillions in client funds are still missing--amid the fintech intermediary's liquidation. -
The Hill - Politics
Katie Porter: White House has 'clearly fumbled' response to debate
Rep. Katie Porter (D-Calif.) said Wednesday the White House "clearly fumbled" its response to the fallout from President Biden's shaky debate performance, as a growing number of Democrats express concerns with their nominee's ability to carry out ... -
NBC News - Top stories
McDonald’s shortens breakfast hours in Australia in response to nationwide egg shortage
Australia is facing an egg supply crunch thanks to bird flu outbreaks — and it’s led McDonald’s to trim breakfast hours by 90 minutes, the company announced.Australia -
The New York Times - World
Israeli Leaders to Discuss Hamas Response on Cease-Fire Proposal
A senior White House official called progress in talks with Hamas “a breakthrough,” while Israel was more restrained, and both said major obstacles to a truce remained.Israel -
The Hill - Politics
Hamas says it's waiting on response from Israel on Gaza cease-fire proposal
Hamas officials said Sunday that the group is waiting for a response from Israel to its most recent cease-fire proposal, Reuters reported. Hamas said last week that it would accept a key part of a three-phase cease-fire deal held up by President ...Israel -
CBS News - Top stories
Havana Syndrome evidence suggests who may be responsible for mysterious brain injuries
Efforts continue to investigate brain injuries suffered by U.S. officials. This is the fourth 60 Minutes Havana Syndrome report and, for the first time, there’s evidence of who might be responsible. -
The New York Times - Business
Copenhagen Offers Rewards to Summer Visitors Who Act Responsibly
The Danish capital is offering free museum tours, art workshops and more to visitors who take part in climate-friendly initiatives. -
Financial Times - World
Japan and Philippines deepen defence ties in response to China threat
Reciprocal access agreement will allow armed forces to train and conduct military exercises in each other’s countriesChina -
ESPN - Sports
Southgate defends Bellingham, accepts fine
England midfielder Jude Bellingham has been fined by UEFA for "breaching the basic rules of decent conduct" by motioning to grab his crotch in front of the Slovakia bench during England's Euro 2024 round-of-16 win on Sunday.