Headline News from The Associated Press
AP Headline News - Jun 12 2024 17:00 (EDT)
18 news. I'm Adonahue. Don't look for more than one uterus straight cut this year from the federal reserve. 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 then 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 but ultimately we think rates will have to come down to continue to support that but so far they haven't had to. Sagar Megani Washington stocks finished mixed the down down 35 points in the Middle East. Secretary of State Anthony Blinken says some of Hamas's proposed changes to a ceasefire deal are good and some need to be negotiated. We are going to continue to push on an urgent basis with our partners with Qatar with Egypt to try to close this deal. President Biden and President Volodymyr Zelensky will sign a bilateral security agreement between the US and Ukraine tomorrow when they meet on the sidelines at the group of 7 summit in Italy. The votes just weren't there to get a super majority to ban women pastors at the Southern Baptist Convention but people like Ryan Fullerton at Emmanuel Baptist Church in Louisville Kentucky voted yes. The law amendment affirms what the Bible affirms and what the faith and message affirms. That the office of pastor is limited to men as qualified by scripture. That's it. Multiple people were shot in a community in northern Illinois. Ambulances and helicopters were sent to the last late community near Dixon. This is AP news. North Korean leader Kim Jong-un is hailing the country's expanding relationship with Russia. As reports suggest that President Volodymy Putin will soon visit the country for his third meeting with Kim, military, economic and other cooperation between Pyongyang and Moscow have sharply increased since Kim visited Russia last September for a meeting with Putin. The US, South Korea and their partners believe North Korea has supplied artillery, missiles and other conventional weapons to Russia to support its war in Ukraine in return for advanced military technologies and economic aid. I'm Charles the Ledesma. A powerful Japanese business lobby wants the government to allow married couples to keep dual surnames saying the lack of freedom to do so hinders women's advancement. In Japan, each wedded pair has to legally adopt one family name. The government says while each surname can be used, 95% of women still traditionally adopt their husbands. I'm Ed Donahue, AP News. 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. Here in America, work is in trouble. We've offshored our manufacturing, sent away good jobs and lost so much ability to make things. American Giant is a company that's pushing back against this tide. They make high quality clothing, sweatshirts, jeans, dresses, jackets, and so much more right here in the USA. Visit american-giant.com and get 20% off your first order when you use code staple20 at checkout. That's 20% off your first order at american-giant.com promo code staple20.