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An Optimistic Inflation Report Reduces Pressure on the Fed to Raise Rates
Central bankers have been debating whether a final rate move is needed. A cooler-than-expected October inflation report may take the heat off.
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Newyork
The Fed Has Put Our Housing Market in Jeopardy
The Federal Reserve’s relentless attack on inflation is jeopardizing our housing market. The resulting damage is not only having an impact on a critical engine of economic growth but is also, ironically, undermining the war against inflation as well ...
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US
In Kevin McCarthy’s Hometown, Reflections on His Sudden Fall
Bakersfield, Calif., became more diverse and culturally expansive while the former House speaker was increasingly caught up in Washington’s barbed politics.
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World
K2 Climbers Criticized Over Continuing Ascent After Finding Dying Porter
One of the climbers, Kristin Harila, said she continued her summit of the mountain after finding a porter who fell from a cliff and later died.
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News
Fed Officials Were Wary About Slow Inflation Progress at June Meeting
Federal Reserve officials are debating how high to raise interest rates to fully wrangle inflation. The debate was in focus at their meeting last month.
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Newyork
The Best Place to Drink Is the Emptiest Bar in the City
When your hearing starts to go, you just want a place to sit, sip and have a talk: namely, a hotel bar.
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World
Ukraine Says It Shot Down Hypersonic Russian Missiles Over Kyiv
A Russian barrage also damaged a U.S.-made Patriot air-defense system, but officials said it was still working.
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World
Blinken Meets With Chinese Official Amid Spy Balloon Furor, U.S. Says
Secretary of State Antony J. Blinken met with China’s top foreign policy official on Saturday night in Munich, a State Department official said, a resumption of diplomacy between Washington and Beijing after a breakdown that followed the Biden ...
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World
Your Monday Briefing: U.S. Destroys U.F.O.s
Also, Turkey investigates building contractors after a deadly earthquake and Russians who fight for Ukraine.
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US
Pentagon Shot Down Object Over Alaska, U.S. Officials Say
The incident comes less than a week after a U.S. fighter jet shot down a Chinese spy balloon over the Atlantic.