The Israeli Defense Minister arrives in Washington amid tensions

Israeli Prime Minister Benjamin Netanyahu voiced fresh grievances on Sunday over the Biden administration’s supply of ammunition for the war in Gaza, as his defense minister arrived in Washington to meet with senior U.S. officials. Some Israeli media had described Defense Minister Yoav Gallant’s visit, though pre-planned, as a “reconciliation” trip aimed at easing recent…

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The Fed’s preferred inflation measure shows signs of cooling

The Federal Reserve’s preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending – good news for central banks aiming to control rising prices and curb demand. In May, the personal consumption expenditure (PCE) index rose 2.6% from a year earlier, meeting economists’ expectations and down slightly from April’s…

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