pace, that is the message from the federal reserve. america s central bank. the policymakers says they intend to raise interest rates practice in its july after taking a break last month to assess the impact of ten brevis increases. it comes as americans are having to pay more for basic goods, but while officials seem to be an agreement are for what to do next, after the meeting on wednesday, there was disagreement over the decision to hold off untiljune. some say they could ve supported a rate rise last month because inflation remains well above its 2% target. the minutes show how policymakers are grappling with how to tame inflation after it hit a high last year, even as they left the benchmark rate unchanged in a five to five and a quarter percent, almost all officials believe more rate hikes are needed. i had of thejuly meeting, there are two marquee pieces of economic data that is due out to the statement a chapter practice friday and consumer inflation next week. us tre
this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global market. the
earths just days ago. i think she really wants as she said to get communications open. we are trading a lot with china, china depends on the us, us depends on china but at the same time, security and geopolitical interests are coming into conflict. i would say it is a little bit like good cop bad cop, blinken being the bad cop and now yellen going in as the good cop trying to say, look, we have a lot in common, let s see what we can do together, but boy, back home in the united states, both the democrats and the republicans are bashing on china, trump put in tariffs on hundreds of billions of chinese goods and president biden, who has reversed every trump policy he can, has kept that one. but despite those cooling tensions, the trade between the two have actually been growing but of course just ahead of her visit, beijing announcing those export controls on rare metals, also introducing some new laws on foreign relations and counterespionage and so on. is beijing playing ha
and the rockets red glare the bombs bursting in air gave proof through the night that our flag was still there o say does that star spangled banner yet wave o er the land of the free and the home of the brave will: protests outside the supreme court following two monumental rulings. in a 6-3 vote the high court ruled in favor of a colorado graphic designer who refused to design a custom wedding website for same-sex couples arguing at conflict with her christian faith. the majority putting her first amendment rights above the state s nondiscrimination law. today is certainly a day of victory but not just for me, for all americans. affirmed the government cannot force anyone to say something it doesn t believe. joey:the justices struck down president biden s $430 billion student loan bill. it would have allowed eligible borrowers to cancel $20,000 in debt. president biden: i think the court misinterpreted the constitution. rachel: this follows a
loud, and dangerous, but must be handled with care. like when the leader of the free world gets confused by the biggest story of the year. vladimir putin sorry mr. president, the war is in ukraine. some stories are like cherry bombs. they re not as dangerous but if you re not paying attention they can sneak up on you like this fisherman and this gator. [inaudible conversations] oh and some are roman candles they fizzle out like this rhode island democrat who keyed a guy s car because he claimed the man was threatening him. you know what the threat was? he had a biden sucks bumper sticker. he was blocking my way saying i scratched his car. i didn t scratch his car i m state senator i think he recognized me. i think he s one of the one reason to key the car, though, that s the question. some stories are sparklers they re nice, and you can watch them with your kids. like the heartwarming story of vala the chimp who spent his whole life in a cage and then saw the