Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting
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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
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
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 -
The Wall Street Journal - World
Analysis: U.S. Jobs Market Cools Just Like Fed Chief Powell Wants
June payrolls were solid, but down slightly from May, while wage inflation slipped a few notches. Both continued trending toward what Powell has called ‘sustainable’ levels.Federal Reserve -
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ABC News - World
The Latest | Israel approved largest land seizure in West Bank in decades, watchdog group says
An anti-settlement watchdog says Israel has approved the largest seizure of land in the occupied West Bank in over three decadesIsrael -
ABC News - World
Settlement tracking group says Israel has made largest West Bank land seizure in 3 decades
A settlement tracking group says Israel has approved the largest seizure of land in the occupied West Bank in over three decadesIsrael -
The Hill - Politics
Fed confident in 'restrictive' rate level while sounding notes of caution
Minutes from the Federal Reserve’s June meeting revealed confidence among central bankers that elevated interest rates were having the desired effect of cooling the economy toward a soft landing and 2-percent annual inflation. “The vast majority ...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 -
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 -
The Guardian - World
Joe Biden says he’s not ‘going anywhere’ but admits he needs more sleep
The president met with Democratic governors to shore up support, but doubts regarding his competence remain. Joe Biden has reportedly admitted to Democratic governors that he needs more sleep – while telling a supporter at the White House Fourth ...Joe Biden -
ESPN - Sports
France manager defends Mbappé amid criticism
France manager Didier Deschamps has come to the defence of his captain and star player Kylian Mbappé amid criticism of the striker's Euro 2024 performances. -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
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 -
BBC News - Top stories
Biden says he 'screwed up' debate but vows to stay in election
Speculation is swirling around whether the president will continue his re-election bid after last week's disastrous debate.Joe Biden -
BBC News - Top stories
Former MP quits Tory party saying 'it's dead'
The former minister said the party was not electable in its current make-up in parliament. -
CBS News - Top stories
Why you should open a long-term CD before the July inflation report
With the next inflation report slated to be released soon, savers may want to open a long-term CD now. Here's why. -
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 -
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
Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
Bitcoin on Thursday fell below the $57,000 mark for the first time since May 1, according to data from crypto ranking site CoinGecko. -
MarketWatch - Business
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.Federal Reserve -
NBC News - Top stories
S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes
The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.Federal Reserve -
The New York Times - Top stories
Biden Says Only ‘Lord Almighty’ Could Make Him Quit Race
President Biden dismissed concerns about his age, his mental acuity and polls showing him losing his re-election bid.Joe Biden -
Financial Times - World
Biden rejects calls to quit presidential race as clamour grows for his exit
The president’s public appearances have failed to quell critics’ concerns about his fitnessJoe Biden -
NBC News - Top stories
‘Friendly fraud’ has more consumers disputing charges
Social media videos are teaching consumers how to dispute credit charges, and now some are abusing that process in a scam called “friendly fraud.” Disputed charges cost businesses $11 billion last year, and that number is expected to grow. NBC ... -
ABC News - World
Hurricane Beryl has made landfall on Mexico’s Caribbean coast near the resort of Tulum as a Category 2 storm
Hurricane Beryl has made landfall on Mexico’s Caribbean coast near the resort of Tulum as a Category 2 storm -
ABC News - Sports
Andy Murray is getting set to say farewell to Wimbledon before retirement (probably)
Andy Murray is getting set to finish his Wimbledon career by playing men's doubles and mixed doubles -
The Hill - Politics
Biden says he was ‘feeling terrible’ before debate, called it a ‘bad episode’
President Biden reiterated Friday that he felt terrible before last week's debate but said it was a "bad episode" and not part of a larger condition, defending his candidacy in his first interview since mounting calls for him to drop out of the ...Joe Biden -
NBC News - Politics
Radio hosts say Biden's campaign aides provided questions before interviews
Two radio hosts said on Saturday that President Joe Biden's aides provided questions for them to ask him in recent interviews.Joe Biden -
The Hill - Politics
We need more accountability in our politics — I’ll go first.
we’re a little over halfway through the year, so it’s time to take a look back at some of the good (and bad) predictions I made back in the frosty winter months of 2024. -
NBC News - Top stories
Ozempic may be linked to condition that causes blindness, but more research is needed
People taking Ozempic and Wegovy may be at increased risk of developing a debilitating eye condition that can cause irreversible vision loss, a study published in JAMA Ophthalmology finds. -
The New York Times - Top stories
Biden Tells Governors He Needs More Sleep and Less Work at Night
The president’s opening remark to a group of key Democratic leaders — that he was in the race to stay — chilled any talk of his withdrawal, participants said.Joe Biden -
The Hill - Politics
Swalwell: Biden needs to 'show more' but Trump 'should step aside'
Rep. Eric Swalwell (D-Calif.) stopped short of defending President Biden Friday but argued that the one who needs to "step aside" ahead of November is former President Trump. Asked by MSNBC's Chris Hayes whether he thought Biden should remain the ...Joe Biden -
MarketWatch - Business
My spouse and I are 60 and receive $145,000 a year in pensions. Do we need to worry about inflation killing our retirement plans?
“Our annual expenses are $105,000 and that includes travel, entertainment and maintenance.” -
The Wall Street Journal - World
Some Apologies Say More Than Others
One from the IRS can be quite eloquent, one reader thinks. -
NBC News - Top stories
2 women charged in 'romance schemes' to defraud elderly men out of $7 million, feds say
Two women have been charged in yearslong “romance schemes” to dupe a number of elderly men out of more than $7 million, Manhattan federal prosecutors said in a court filing.