The Federal Reserve kept interest rates unchanged, indicating potential future cuts. Economic growth is slowing, and inflation persists above the 2% target, currently at 2.5%. Tariffs are influencing inflation through higher import costs. The Fed will reinvest more in Treasury securities to stabilize markets. Consumer sentiment is cautious as inflation may rise to 3% by year-end, driven by import taxes.
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US President Donald Trump has appointed Indian-American Kush Desai as deputy press secretary, enhancing his communications team ahead of the 2024 election. Desai, a seasoned political communicator, will play a crucial role in messaging and strategy under the guidance of Taylor Budowich.
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FBI director Kash Patel expressed concern over the rise in 'swatting' incidents targeting media figures. He emphasized that weaponizing law enforcement against any American is unacceptable and endangers lives. Social media influencer Gunther Eagleman, radio show host Joe Pagliarulo, and Infowars' Chase Geiser are among those who have said they were targeted in recent days in swat calls.
Ukrainian President Volodymyr Zelenskyy dismisses Putin's verbal assurances on limiting attacks on energy infrastructure, insisting on tangible actions for peace. Zelenskyy emphasizes that only a genuine cessation of Russian strikes on civilian infrastructure can bring peace. He also calls for increased sanctions on Russia and further military assistance for Ukraine.
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