Headline News from The Associated Press
AP Headline News - Jun 12 2024 20:00 (EDT)
In B News, I'm Ben Thomas. Inflation eased in May for a second straight month, core price is up 0.2% from April and 3.4% from a year earlier. Meantime Sagamagani reports the Fed's leaving interest rates where they are for now and "Don't look for more than one cut this year to the Federal Reserve's benchmark interest rate. The Fed had predicted it would cut the rate from a two-decade high three times this year. Now it expects just one cut. While the government reported inflation eased in May for a second straight month. "We welcome today's reading and hope for more like that." Chair Jerome Powell says the Fed needs more. "We'll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2%. "Powell says inflation has eased considerably from its peak two years ago, but remains too high and the central bank has kept rates high to fight it. The economy's kept growing despite that. Ultimately, we think rates will have to come down to continue to support that. But so far, they haven't had to." Sagamagani, Washington The House has voted to hold Attorney General Merrick Garland in contempt of Congress for refusing to turn over audio of President Biden's interview in his classified documents case. The President has arrived in Italy for a summit of G7 leaders. He and Ukrainian President Vladimir Zelensky will sign a bilateral security agreement tomorrow. And while the AP's learned negotiators have reached agreement on how to provide Ukraine with up to $50 billion backed by frozen Russian assets. In the Middle East, Secretary of State Antony Blinken says some changes to a Gaza ceasefire deal proposed by Hamas are workable and some are not. "We are going to continue to push on an urgent basis with our partners, with Qatar, with Egypt to try to close this deal because we know it's in the interests of Israelis, Palestinians, the region, indeed, the entire world." This is AP News. Graduation day in Newtown, Connecticut for students who survived the 2012 Sandy Hook Elementary School shooting. "The first great class at Sandy Hook Elementary forever changed by a school massacre that took the lives of 20 students and six educators. Now the survivors are graduating and it's bittersweet for so many," says 17-year-old Ella Seaver, who was in a classroom down the hall from the shooting. "The what-ifs kind of spoil a lot of crushes moments, you know, just because you always remember that they're not there." Especially on the day they graduate high school. "What if they were able to walk the stage with me?" Seaver and others have been active in anti-gun violence efforts, which they say they will continue as they enter college and beyond, saying they want to prevent shootings from happening through gun control and other measures. I'm Julie Walker. And I'm Ben Thomas, AP News. Thanks for listening. From fires, wind, and hail to woodpeckers and other pests, Colorado's nature puts our homes through it. Rely on 5280 exteriors to restore your home's sighting. Made primarily of cement, 5280 exteriors, quality James Hardy's sighting is flame resistant and repels insects and woodpeckers. Right now, 5280 exteriors will provide all new gutters for free when you buy whole house sighting. Get your free estimate today at 5280 exteriors.com, 5280 exteriors, the altitude of quality. If you're a small business owner, Upswell marketing would like to remind you that when customers choose your business, they're really choosing you. So focus on super serving your existing customers and let Upswell handle the pipeline generation of new leads. Upswell specializes in building and managing custom direct response campaigns and is now offering a no-obligation free assessment of your current marketing strategies. New customers also receive 15% off their first order. For more information, visit UpswellMarketing.com. That's UpswellMarketing.com. Find all your 4th of July needs at low prices, all in the King Supers app. Buy one Get One Free on tender, fresh, perdue, boneless chicken breasts. Then get 6-ounce packages of juicy red raspberries or blackberries, two for just $3, all with your card. Drop these deals at your local King Supers, less than 5 miles away, or tap the screen now to download the King Supers app to save big today. King Supers, fresh for everyone, prices and product availability subject to change, restrictions apply. Details