US Faults Israeli Defense Minister Over Plans for Long-Term Lebanon Occupation

Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years With expectations of a 4%-plus print, all eyes are on this morning's CPI report as we move past April's shutdown-related distortions. Headline CPI rose 0.5% MoM (as expected) in May, lifting prices 4.2% YoY (also as expected). The first 4%-plus print since April 2023... Core Goods prices deflated in May while Energy remains a notable contributor... CPI details: Headline: The all items index rose 4.2 percent for the 12 months ending May, after rising 3.8 percent for the 12 months...

Mises defends his use of the word: true liberalism is defined by private ownership of the means of production, and he explains why he keeps the name despite its distorted modern usage.

US New Home Sales Rise For First Time In 3 Months As Prices Near 5-Year Lows With Case-Shiller reporting existing home price declines in half of America's largest cities, and despite a weaker homebuilder confidence print, New Home Sales were expected to rebound from April and May's ugly declines... and they did, but only very modestly. New home sales rose 1.6% MoM (+4.8% MoM exp) marking the first rise in three months, but May's 7.3% MoM decline was revised up to a mere 4.3% MoM decline. However, this bounce was not enough to get annual...