Author: Zachary Halaschak, Washington Examiner

Inflation fell a tenth of a percentage point to 3.3% for the year ending in May, a welcome development as the Federal Reserve considers when it will begin cutting interest rates. The data reported on Wednesday by the Bureau of Labor Statistics in an update to the consumer price index are encouraging news for President Joe Biden. The White House has been emphasizing any positive inflation data…

North Korea said its attempt to launch a second spy satellite failed when the rocket carrying it exploded shortly after takeoff on Monday. The state-run Korean Central News Agency said the rocket exploded during a first-stage flight because of a possible engine malfunction, the Associated Press reported. The hermit nation is also exploring other possible…

Israeli Prime Minister Benjamin Netanyahu called the airstrike that Gazan authorities said killed dozens of civilians in a Rafah tent camp a “tragic mistake.” Authorities in Hamas-run Gaza said that at least 45 people were killed and nearly 250 were injured in the airstrike, which Israel said targeted two senior Hamas terrorists. Netanyahu said that Israel is investigating what…

Donald Trump used a Memorial Day post to excoriate a federal judge and E. Jean Carroll, who recently won a defamation verdict against the former president. In a Monday morning post on Truth Social, Trump’s media platform, the former president tore into Carroll and the judge overseeing the case. In January, Trump was ordered to…

Israeli and Egyptian troops exchanged gunfire on Monday at the Rafah border crossing, reportedly resulting in the death of one Egyptian. Israeli media reported that a firefight occurred at the key crossing. The Israel Defense Forces said the government has been in contact with Egypt over what it described as “a shooting incident.” “A few…

Israel is investigating after reports that an airstrike it conducted in Rafah killed dozens of people inside a tent camp for displaced people. Authorities in Hamas-run Gaza said that at least 45 people were killed and nearly 250 were injured in the airstrike, which Israel said targeted two senior Hamas terrorists. Gazan authorities said the…

Hundreds of people are dead and unaccounted for after a massive landslide in Papua New Guinea buried more than 2,000 people. The landslide occurred on Friday, but government officials visited the site of the disaster on Sunday and said that the death toll was estimated to be 670, a number that is expected to grow…

The Federal Reserve decided to forgo an interest rate hike amid reports showing inflation is cooling, and signaled that it will cut rates faster than previously anticipated next year. Following a two-day meeting of its Federal Open Market Committee in Washington, D.C., the central bank announced that it will keep its rate target at 5.25%…

Wholesale inflation, as measured by the producer price index, declined to 0.9% for the year ending in November as the Federal Reserve keeps interest rates high. The new numbers were released on Wednesday by the Bureau of Economic Analysis. The decline came after a notable decrease the month before and is welcome news for the…

Inflation dropped to 3.1% for the year ending in November, a welcome development as the Federal Reserve grapples to contain prices. The updated to the consumer price index reported Tuesday by the Bureau of Labor Statistics is welcome news for President Joe Biden. The White House has been touting the declines in inflation alongside the…