Key Fed Inflation Gauge Cools
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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 -
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 -
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 -
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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 -
The New York Times - World
Who Are the Key Players in the UK Election?
Millions cast ballots for parliamentary seats on Thursday. The party that wins the most seats usually forms Britain’s next government, and that party’s leader becomes prime minister.United Kingdom -
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 ... -
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 -
CBS News - Top stories
Dengue fever alert issued in Florida Keys
Health officials in the Florida Keys have issued a dengue fever alert after two cases were found to be locally contracted. The Centers for Disease Control and Prevention has warned of a heightened risk of infections in the U.S. More than 240 ...Florida -
BBC News - Top stories
Staying up? The key timings and pivotal seats to watch for
Here are the all key timings, pivotal seats to watch for and when we might know the final result. -
BBC News - Top stories
SNP loses 'damaging' 38 seats so far as final result delayed
The first minister says his party has "soul searching" to do after a series of losses to Labour. -
The Guardian - World
UK general election 2024: five key points
Keir Starmer’s Labour is heading for power with a large majority as voters punish Rishi Sunak’s Conservatives. General election 2024: live newsUK general election results live trackerKeir Starmer, the leader of the opposition Labour party, will ...United Kingdom -
BBC News - Top stories
The big winners and losers on election night
From ousted ministers to insurgent smaller parties, here is who is commiserating and who is celebrating. -
Financial Times - World
Who will be the key figures in Keir Starmer’s government?
First Labour administration for 14 years will be staffed and shaped by range of politicians, policy experts and advisers -
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. -
CBS News - Top stories
Russia says part of a key Ukraine town seized amid deadly airstrikes
The attack prompted President Zelensky to call on allies to help bolster air defences and provide more long-range weapons to thwart RussiaUkraine -
The New York Times - Top stories
U.K. Election 2024: What to Know About Candidates and Key Issues
The governing Conservative Party could be voted out of power for the first time in 14 years.United Kingdom -
ABC News - World
Slovakia's top court approves key parts of a contentious amendment of the penal code
Slovakia’s highest legal authority has ruled that key provisions of a contentious amendment of the penal code drafted by the government of populist Prime Minister Robert Fico are in line with the country's constitution -
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The New York Times - Business
Biden Again Gambles on an Interview With ABC’s George Stephanopoulos
A high-stakes moment for the president could also be the most consequential interview of the star anchor’s career.Joe Biden -
Inc. - Business
7 Keys to Pursuing The Best New Business Idea for You
Too many new business failures result from founders pursuing someone else's idea. -
The Guardian - World
England can answer wake-up calls by maintaining width in Swiss showdown | Karen Carney
Gareth Southgate’s side found success going wide against Slovakia. It can be a blueprint in their hunt for a semi-final berth. There are three simple ways of playing football: through, over and around. When one of those approaches is not working, ...