Trending
Rate hikes
signaled
JACKSON HOLE, Wyoming (AP) -- Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has sent before about his economic outlook.
In his first high-profile speech at the Fed’s annual conference at Jackson Hole, Warsh acknowledged in prepared remarks Friday that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.”
Airstrikes
kill 5 in Gaza
(AP) -- Israeli airstrikes have killed five people in Gaza and three in the West Bank, despite a fragile ceasefire brokered by the United States.
Meanwhile, the U.N.’s maritime agency said 19 seafarers have been killed and at least 6,000 remain stranded on hundreds of ships unable to leave the region since the Iran war began.
Two brothers and another relative died in a strike on the family's home outside Khan Younis, officials at Nasser Hospital said. Two separate Israeli strikes killed one person each in Gaza City, according to health officials at Shifa hospital.
The five deaths are among more than 1,300 Palestinians killed in airstrikes since an October ceasefire deal, Gaza health officials say.
No verdict
in Clancy trial
PLYMOUTH, Mass. (AP) -- Jurors in the Lindsay Clancy trial ended a second day of deliberations without a verdict Friday.
Clancy is on trial to determine whether she was responsible for her actions when she killed her three children in 2023. The jury began deliberating Thursday afternoon and met again Friday. They’ll be back Monday morning.
Clancy doesn’t deny strangling her children. But her lawyer says she did it because she lost her grip on reality due to a rare mental illness that can follow childbirth.
Prosecutors say Clancy knew what she was doing. They say she killed the children because she was depressed and tired of living.