Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction

1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey Inflation as measured by the CPI may have peaked, but Americans’ expectations for inflation over the near and medium term rose notably in June according to a Federal Reserve Bank of New York survey released Tuesday, with strong increases anticipated for medical care costs and rent, Consumers now see inflation at 3.7% over the next year, up from 3.5% in May, the highest since September 2023. Expectations for inflation in three years increased to 3.3%, the...

Reports of food shortages on naval ships deployed to the Middle East. Video footage of disabled military veterans—some in wheelchairs, others leaning on canes—being zip-tied and dragged out of the Capitol Rotunda for staging a peaceful, anti-war protest. Sixty-six veterans were arrested while conducting a flag-folding ceremony in recognition of the 13 military servicemembers who have died so far […]

Judge Orders New York City To Scrap Notices For Mamdani's Tax On Second Homes Authored by Jill McLaughlin via The Epoch Times, A Staten Island judge ruled Sept. 29 that New York City Mayor Zohran Mamdani's administration mishandled the rollout of a pied-à-terre tax on second homes in July, ordering the city to scrap the notices and start over. Supreme Court Justice Wayne Ozzi sided with homeowners who claimed the program that in July added a special tax on second homes worth more than $5 million penalized them needlessly. Ozzi found "the mailed...