good evening once again. i am stephanie. we are 146 days away from the election, get your calendar out, mark it with a sharpie, one more day down. after a brief stop in wilmington following his son, hunter office criminal conviction, president biden landed in italy for the g-7 summit where the ukraine war will be a main focus. though biden is off the campaign trail the 2024 election is front and center with allies worried about what a second trump term could mean for that war effort. gabe gutierrez has more. reporter: president biden landed in italy for high stakes summit, a critical focus, the war in ukraine. a russian missile strike in president zelenskyy s hometown killed nine, injuring 21, including two children. the white house announced president biden will sign a bilateral security agreement with long-term defense cooperation as russian warships arrived off the coast of cuba 90 miles from the u.s. the pentagon has since sent ships and aircraft but say they are no cur
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Euro zone consumers have trimmed their expectations for inflation over the next 12 months, a European Central Bank poll showed on Tuesday, in a sign the ECB's credit-tightening efforts are having an impact. The Consumer Expectations Survey (CES) is used by policymakers to gauge whether the steepest streak of interest-rate hikes in the euro's history has persuaded households that once runaway inflation will fall back to the ECB's 2% inflation goal. On the flipside, expectations for inflation three years ahead remained slightly above the ECB's goal, even rising slightly to 2.5% from 2.4%.
(Bloomberg) The Federal Reserve’s preferred gauge of underlying inflation cooled to an almost three-year low even with robust holiday spending, keeping the debate alive over whether officials will soon cut borrowing costs.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionJPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsUN Court Tells Israel to Protect Gazans, Avoids Cease-FireThe
Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the slowing in price increases was not enough yet to determine a trend and that the central bank would be “resolute” in its commitment to its 2% mandate.