Iran Warns It Will Expand Attacks in the Region If the US Restarts Airstrikes

Headline PCE 'Deflates' In June, First Time Since COVID After three months of significant acceleration in prices, 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 slow in June data released today. And it did - more than expected - Core PCE rose 0.1% MoM (below the 0.2% MoM expected) pulling the YoY rise down from +3.4% to +3.3%... The headline PCE saw 0.1% MoM drop in June - its first 'deflationary'...

Democrats Move To Block Trump's $1.776 Billion 'Anti-Weaponization' Fund Via American Greatness, Congressional Democrats are moving to shut down President Donald Trump’s proposed $1.776 billion Anti-Weaponization Fund, escalating a political fight over compensation for Americans who say they were targeted by politically motivated prosecutions and federal lawfare. Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, is introducing legislation aimed at preventing any federal money from being used to create or distribute payments through the fund. According to a copy of the bill shared with Axios, the legislation states that “no Federal funds...

US Says 'No Ships Made It Past Blockade' As Iran Mulls Hormuz Shipping Pause To Preserve Talks, Which Trump Says Could Happen In Two Days Summary CENTCOM: "During the first 24 hours, no ships made it past the U.S. blockade & 6 merchant vessels complied with direction from US forces to turn around to re-enter an Iranian port on the Gulf of Oman," it said. Diplomacy is not yet dead, as Bloomberg reports Iran is mulling a short-term pause to shipments through Hormuz Strait. Trump tells NYP talks could happen again in two...