Fed Remains On Hold (As Expected) Amid 'Uncertain Implications' Of War With Iran

Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows After accelerating in March and April, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to rise once again in May. And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023... Services costs picked up again with Durable goods flat and...

On Wednesday, Israeli Defense Minister Israel Katz was laying out plans for the open-ended Israeli occupation of parts of Lebanon, Syria and the Gaza Strip. Those statements weren’t in any way out of the ordinary, and very much in keeping with Israel’s stated policy, which is to continue the wars and to continue to occupy […]

Pardoned J6er Sues Government For $18 Million Over Alleged Abuse In Pretrial Detention Authored by Matthew Vadum via The Epoch Times, A former Jan. 6 defendant who alleged torture and other abuse in custody is suing the federal government for almost $18 million. The lawsuit by Ryan Samsel of Bristol, Pennsylvania, was filed late June 9 in federal court in Virginia, six months after he gave the government the legally required notice he was planning to litigate. He is seeking $17,980,000 from the federal government for physical and mental injuries suffered from January...