Israel and Lebanon agree to renew ceasefire

Israel and Lebanon agree to renew ceasefire

Israel and Lebanon on Wednesday agreed to renew a ceasefire but said it would require a “complete cessation” of fire by Iran-backed Hezbollah. The agreement was announced in a joint statement after US-led talks in Washington. The two sides, which do not have formal diplomatic relations, also agreed to establish a number of “pilot security […]

Inflation is taking too long to return to 2%

Inflation is taking too long to return to 2%

Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said on Wednesday that inflation remains too elevated and warned that higher interest rates could be needed later this year if price pressures fail to ease further. Key quotes: Inflation is trending toward the mid-2s, not all the way to 2%. Trimmed-mean inflation is […]