US Launches Airstrike in Somalia as US-Backed Government Claims Major Al-Shabaab Casualties

Inflation Expectations Dip, Driven By Lower Gas Prices, While Labor Market Prospects Worsen: NY Fed Survey Ahead of Wednesday's CPI report which is expected to show a substantial rise in consumer prices, moments ago we got an early look into how consumers view inflation after the NY Fed's latest monthly survey of consumer expectations reported that inflation expectations at the one-year horizon dipped to 3.46% in May from 3.64% in April, easing from the highest print since September 2023. Inflation expectations were unchanged at 3.1% for the three-year-ahead horizon and...

'Slow Hire, No Fire' Economy Continues As Jobless Claims Remain Near Record Lows The number of Americans filing for unemployment benefits for the first time fell to to 215k last week (versus 217k exp), remaining near multi-decade lows... California and Missouri saw the biggest increase in initial claims while New Jersey and Connecticut saw the largest decline... Continuing jobless claims ticked higher (highest since March) but remains well off cycle highs from Q4... Despite disappointing payrolls (though jobs are still being added, though at a slower pace)... ...jobless claims data suggests there is no...

"Dead To Rights": Internal ActBlue Records Show Foreign-Flagged Donations Waved Through, Whistleblower Messages Deleted For years, the left has lectured Americans about the dangers of "foreign interference" and dark money in our elections. But a sweeping congressional investigation has laid bare a vast Democratic fundraising apparatus that paved the way for just that: ActBlue, the billion-dollar financial engine of the Democratic Party, created a mechanism that encouraged illicit foreign cash - and then, investigators say, covered it up. Read on. On Wednesday, House investigators released "Part III" of their bombshell investigation...