FOMC Minutes Show 'A Few' Fed Members Wanted To Hike In June, 'Majority' Fear Higher Inflation

Beige Book: Economic Activity Picked Up In 11 Of 12 Districts; Only San Fran Flat As "Employers Invested In AI" In a modest support of the Fed's recent hawkish pivot, the latest Beige Book released today notes that economic activity across the US improved moderately, increasing at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District (San Francisco) reported no change. The pace of growth was ever so slightly better than that reported back in June when activity expanded...

Iran Warns Will Take War 'Beyond The Region' If Trump Restarts Attacks Ali Vaez, director of the Iran Project at the International Crisis Group, has summed up where things stand: "Since the ceasefire came into effect, both Washington and Tehran appear to be operating under the illusion that time is on their side," he said. "Each seems to believe that the blockade and counter-blockade in the Strait of Hormuz impose greater costs on the other, while offering a breathing space to regroup for a possible resumption of hostilities," Vaez told...

Trump Orders Review Related To Climate Guidance For Federal Judges Authored by Melanie Sun via The Epoch Times, President Donald Trump has ordered federal officials to review conduct related to climate guidance included in a scientific reference manual for federal judges, which he described as politically biased and based on discredited science. President Donald Trump speaks at the White House in Washington on July 6, 2026. Anna Moneymaker/Getty Images "These Manuals have been totally discredited," Trump said in a June 19 post on Truth Social. He was referring to a February decision by the...