Inflation eased for the second consecutive month, rising at a 3.4% annual pace in July, in line with economists’ expectations and a signal that some price pressures may be easing. By the numbers Economists polled by the financial data firm FactSet predicted July inflation rose at an annual rate of 3.4%. Oil prices surged in…
The Federal Reserve is expected to leave interest rates unchanged at its July meeting on Wednesday, but rising oil prices have prompted investors to sharply increase their bets that a fresh rate hike could come later this year. At the start of the year, many economists expected at least one rate cut in 2026. But…
As the U.S. builds up forces in the Middle East amid the ongoing war with Iran, there’s concern among some officials that U.S. weapons may be getting depleted. It comes as President Trump has threatened new escalations and as the U.S. and Iran continue to trade strikes. Charlie D’Agata reports. Source link
Washington — The Senate rejected the latest attempt to rein in President Trump’s war powers in Iran on Thursday, soon after the House adopted a separate measure rebuking the president amid escalations in the conflict in recent days. In a 47 to 49 vote, one Republican — Susan Collins of Maine — joined Democrats in…
Washington — Defense Secretary Pete Hegseth and Gen. Dan Caine, chairman of the Joint Chiefs of Staff, will testify before a Senate committee Tuesday amid escalations in the war with Iran in recent days. With a focus on the Trump administration’s supplemental funding request, the hearing comes as at least two U.S. soldiers were killed…
