Today’s Breaking News
Fed holds rates steady, but slows expected pace of future cuts
In new economic projections, policymakers sketched a modestly stagflationary picture of the U.S. economy, with economic growth slowing to 1.4% this year, unemployment rising to 4.5% by the end of this year, and inflation finishing 2025 at 3%, well above the current level.While policymakers still anticipate cu … Read More >>
US FDA approves Gilead’s twice-yearly injection for HIV prevention
(Reuters) -The U.S. Food and Drug Administration on Wednesday approved Gilead Sciences lenacapavir, a twice-yearly injection, for preventing HIV infection in adults and adolescents.Gilead said the drug will be sold under the brand name Yeztugo.Investors and AIDS activists had been eagerly awaiting the regulat … Read More >>
FEATURED ARTICLE
Fed’s Powell says he expects to see more tariff-driven price hikes in coming months
“We’ve had goods inflation just moving up a bit,” Powell told a news conference after the Fed held rates unchanged. “We do expect to see more of that over the course of the summer.”Powell said it takes time for tariffs to work through the goods chain of distribution, noting many goods being sold by retailers … Read More >>
OTHER HEADLINES
US crypto stocks soar as Senate clears path for stablecoin regulation
(Reuters) -Top crypto stocks on Wall Street surged on Wednesday after the U.S. Senate approved a milestone stablecoin bill, fueling hopes for broader adoption of what was once a niche corner of the crypto sector.The bill was passed with bipartisan support, marking a turning point in the debate over crypto ove … Read More >>
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