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The Fed was expected to hike interest rates in September. Don’t bet on that now, economists say.

What a difference a day can make for monetary policy.  On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…

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Hundreds of thousands of people in Puerto Rico wake up with no running water as rationing begins: “It’s brutal”

Hundreds of thousands of people in Puerto Rico’s capital and surrounding communities woke up without running water as a massive rationing measure took effect Friday. It comes amid a severe drought on top of shortages due to infrastructure issues on the island. “It’s brutal,” San Juan resident Gloriany Baba told CBS News in Spanish. “It’s…

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Exhumation of Mir Raza Ali’s body postponed after family objects to abrupt reconstitution of medico-legal board – Pakistan

KARACHI: The exhumation of 25-year-old businessman and Institute of Business Administration graduate Mir Raza Ali’s body was postponed on Friday after his family objected to the abrupt reconstitution of the medico-legal board formed for the purpose. Ali’s body was found in bushes in Karachi’s Gulistan-i-Jauhar last month, a day after he went missing on July…

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Stevens says of El-Sayed: “Differences were aired out” and “we did the unity deal”

Washington — Democratic Rep. Haley Stevens of Michigan said Thursday she’s moving on from the contentious Senate primary, which she lost to Abdul El-Sayed, saying their “differences were aired out.”  “Everything that needed to be said in the primary was said,” Stevens said in an interview with “The Takeout with Major Garrett.” “It’s a big…

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Millions of U.S. children could lose free school meals this fall due to SNAP changes, experts say

Fewer U.S. children may have access to free school meals this academic year amid changes ushered in by the Republicans’ tax-and-spending law, the “One Big Beautiful Bill Act,” according to food and public policy experts.  The impact on school meal programs stems from the OBBBA’s overhaul of the Supplemental Nutrition Assistance Program, the formal name…

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