Inflation slows in America; Biden boosts...

As debate time ended for Donald Trump’s “One Big Beautiful Bill”, the president’s tax-cutting package moved to a special session known as vote-a-rama. 

The head of the United Nations’ nuclear watchdog said that Iran could start producing enriched uranium again “in a matter of months”. 

A Russian drone struck a residential tower in Odessa, a port city in southern Ukraine, killing two people and injuring at least 14, including three children 

America’s central bank has raised interest rates by three-quarters of a percentage point—its fourth rise this year. It is walking a fine line between cooling the economy and tipping the country into recession. Scientific results fundamental to more than a decade’s-worth of Alzhei ... Show More

US inflation eases slightly as the Federal Reserve’s interest rate increases take effect. 

Prices in America are rising faster than at any time in the past 40 years. In response, the Federal Reserve has made its steepest interest-rate hike in 20 years. Will it be enough to tame inflation while not tipping America into recession? Shanghai’s residents are growing restive ... Show More

Plus: A drop in oil prices has likely kept the rate of inflation in check, taking pressure off the Fed. And, climate change is costing the U.S economy almost $150 billion each year. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices 

America’s Federal Reserve made its third straight 0.75% interest-rate hike, with Jerome Powell, the Fed’s chair, warning that more hikes would follow. But with inflation still high, and labour markets still tight, is the Fed doing all it can? A new report suggests that forced lab ... Show More

A.M. Edition for July 10. Lower housing and used-car costs are expected to keep pushing down core inflation in the U.S. in the coming months. However, WSJ chief economics correspondent Nick Timiraos explains why making further progress toward the Fed’s 2% inflation target could p ... Show More

America’s central bank raised rates by .75% yesterday—the biggest increase in almost 30 years. Whether that will help tame rising prices without triggering a recession is unclear. The poor performance of Russian tanks in Ukraine has led some to wonder whether the tank itself is o ... Show More

Federal Reserve Bank of Chicago President Austan Goolsbee said policymakers should cut interest rates if US inflation continues to fall back to the 2% target. The Chicago Fed chief, speaking Tuesday on Bloomberg TV in Sintra, Portugal, said he feels “we are on a path to 2%” infla ... Show More