The Fed’s Preferred Inflation Measure Cools, Welcome News
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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 -
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 -
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 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 -
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 -
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 -
The Wall Street Journal - World
It's 90 Degrees. Time to Test the New 'Cooling Shapewear.'
Adding another layer of material during a heat wave sounds nuts. But the brands behind this new shapewear claim their fabric technology helps reduce sweat while smoothing women’s bodies. -
Inc. - Business
Google Searches Prefer AI Spam to Real Content
Search engine optimization is theholy grailboost trafficto websites--but in the AI era, even Google's much-scrutinized search algorithm shows a preference for ripped-off, AI-generatedmaterial over original content.Google -
ABC News - World
Cambodia welcomes the Metropolitan Museum's repatriation of looted statues
Cambodia’s culture minister says the return to Cambodia this week of 14 sculptures that had been looted from the country during a period of war and unrest is like welcoming home the souls of ancestors -
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 -
ABC News - Health
Abortion measures could be on Arizona and Nebraska ballots after organizers submit signatures
Arizona and Nebraska organizers have turned in enough signatures to get abortion-related questions before their states' voters in NovemberAbortion -
The Hill - Politics
More states on track to have abortion measures on ballot
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story More states on track to have abortion measures on ballot Ballot measures in Arizona and Nebraska ensuring abortion access advanced closer to a vote, with groups ...Abortion -
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 ... -
Yahoo Sports - Sports
Texas officially welcomed into the SEC and Utah names its coach in waiting
On today's episode, Dan Wetzel, Ross Dellenger and SI's Pat Forde recap the celebration at the University of Texas for their first official day in the SEC, Utah naming Morgan Scalley as their next coach, and a bizarre story surrounding Kyle ... -
CBS News - Top stories
How a unique Topeka program is welcoming immigrants and helping them thrive
A nonprofit has partnered with the Topeka community to ensure immigrants have more than just a roof over their heads. -
ABC News - World
The US and EU welcome the release of some Belarusian political prisoner
The United States and the European Union are welcoming Belarus’ release of some political prisoners, freed since the country's authoritarian president earlier this week promised to release those seriously ill who are behind bars and those swept up ...European Union -
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Financial Times - Business
Investors welcome more ‘boring’ UK after landslide win
Market insouciance to electoral result is the greatest form of flattery for StarmerUnited Kingdom -
NBC News - Top stories
Nebraska abortion rights groups collect enough signatures to advance ballot measure
A proposed amendment to enshrine access to abortion care in the Nebraska Constitution moved closer to appearing on the ballot in November after a coalition of reproductive rights advocates on Wednesday submitted the required number of valid ...Abortion -
The Hill - Politics
Abortion measures could be on the ballot in Arizona, Nebraska after organizers submit signatures
A measure guaranteeing abortion rights in Arizona could be on the ballot in November after supporters said Wednesday they submitted more than double the number of signatures required for a ballot initiative. Meanwhile in Nebraska, two competing ...Abortion -
Financial Times - Business
Think twice before measuring up the curtains at Downing Street
From Margaret Thatcher’s strict budget to Boris Johnson’s epic splurge, renovating Number 10 is a political, not personal, act -
NBC News - Politics
Arkansas abortion rights groups collect enough signatures to advance ballot measure
Arkansas abortion rights groups collect enough signatures to advance a ballot measure that aims to enshrine access to abortion care in the Arkansas state constitution.Abortion -
The Hill - Politics
Arkansas group collects enough signatures for ballot measure blocking abortion bans
An Arkansas organization announced Friday it has collected more than enough signatures to place a measure on the ballot this year that would ensure abortion access up to 18 weeks in the state. Arkansans for Limited Government said it will deliver ...Abortion -
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 -
The Wall Street Journal - World
'Frostbite' Review: The Art of Keeping Cool
Refrigeration changed everything, overcoming seasonal and geographic limits on food, making shopping a weekly routine and not a daily one. -
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
Turkish Inflation Moves Past Peak as High Rates Begin to Pay Off
Turkish consumer inflation looks to have begun a strong downward slide, says Bartosz Sawicki, market analyst at fintech Conotoxia.Turkey -
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 Wall Street Journal - World
Pro Take: Inflation Stirs in Latin America After Months of Declines
Robust job markets and weaker currencies could start making the job of containing inflation tougher for the region’s central banks. -
The Wall Street Journal - World
Week Ahead for FX, Bonds: U.S. Inflation, French Elections in Focus
Investors will monitor whether U.S. prices are easing enough to prompt the Federal Reserve to start cutting rates. In Europe, the aftermath of elections in France and the U.K. will be watched. -
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 -
Financial Times - Business
Goldman Sachs faces uphill battle in dispute with Fed over stress test
Chance of reconsidering its grade ‘close to zero’ as US central bank has never overturned an assessment on appealFederal Reserve -
The New York Times - Business
Fed Officials Keep an Eye Out for Cracks in the Job Market
Federal Reserve policymakers are watching for any sign that the labor market is weakening abruptly, which might prod them to cut rates sooner.Federal Reserve -
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. -
Inc. - Business
Feds Fine GM $146 Million Over Emissions Standards
The National Highway Traffic Safety Administrationsaid Chevy Tahoe, Cadillac Escalade and Chevy Silverado models made between 2012 and 2018 burned more gas and spewed more carbon dioxide than the automaker claimed.