Powell Opens Door to Next Fed Rate Cut in September
Federal Reserve Chair Jerome Powell signaled a potential rate cut at the September 17-18 meeting as inflation cools and the job market eases, while the current rate remains at 5.3 percent. Markets expect easing soon, with indices rising and yields easing, amid the Fed's cautious stance toward achieving a soft landing.
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Washington
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Jerome Powell
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Powell
Kamala Harris
Donald Trump
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Mark Zandi
Moody’s Analytics
Treasury
Trump questions Harris race at Black journalists event
Donald Trump challenged Kamala Harris's racial identity during a Chicago appearance at the National Association of Black Journalists, claiming she only promoted her Indian heritage earlier. He tangled with ABC News interviewer Rachel Scott, drew boos, and repeated a claim that immigrants take Black jobs. Harris's campaign and White House figures denounced his remarks as hostile and insulting.
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Kamala Harris
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Nikki Haley
Rachel Scott
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Auto Industry
Michigan
U N report details Israeli mistreatment
The U N human rights office released a report finding Palestinians detained by Israeli authorities face waterboarding sleep deprivation electric shocks and dogs used against them. It says over 9400 security detainees were held by June end with some in secret and without access to lawyers or rights.
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Geneva
U.N. Human Rights Office
Israel
Ukraine receives first F-16 fighters to bolster defenses
Ukraine confirms receipt of a small number of F-16 fighter jets after months of Western pressure. U.S. and Ukrainian officials spoke anonymously about the first tranche amid debates on arming Kyiv. NATO members Belgium Denmark the Netherlands and Norway have pledged more than 60 jets in total.
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Associated Press
Washington
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Volodymyr Zelenskyy
Joe Biden
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