Expectations of Federal Interest Rate Cut and Global Fallout from Hezbollah Pager Explosions: Morning Recap

Today, the Federal Reserve is expected to make its first key interest rate cut since 2020, with experts predicting either a 0.25% or 0.5% reduction. The decision comes amidst mixed economic signals, such as low unemployment but increasing jobless rates. The mystery behind the exploding Hezbollah pagers in Lebanon deepens, with revelations that the pagers were manufactured by a Taiwan-based company, potentially linked to another company in Hungary. The explosions caused by the pagers killed nine and injured over 2,750 people. On the legal front, Sean “Diddy” Combs is facing sex trafficking charges, with his team arguing for his release as he awaits trial. In other news, Mike Johnson plans to reintroduce a funding bill, Donald Trump calls for changes to his tax law, Kamala Harris criticizes Trump’s remarks on immigrants, and Senate Republicans block legislation on in vitro fertilization. Meanwhile, a mass rape trial in France has captured the nation’s attention, with a survivor bravely waiving her anonymity to advocate for other victims. Amazon has announced the dates for its upcoming Prime Day sale, catering to Prime members with exclusive deals and benefits. Subscribe to the Selection newsletter for product reviews, shopping tips, and the latest deals.

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