Anna's Daybreak News

Good morning news lovers! Dive into a tidal wave of news as we surf through the latest headlines, catching the biggest stories, and leaving you soaked in information that'll make you ride the wave of curiosity all day long.

• The Federal Reserve raised interest rates to a range of 5.25%-5.50%.


• Fed Chair Jerome Powell said that the economy still needs to slow and the labor market to weaken for inflation to return to its 2% target.


• Powell said that the central bank will assess additional information and its implications for monetary policy, meaning another rate increase in September is possible.


• Chairman Jerome Powell said the Federal Reserve would take a “data-dependent approach” when it comes to future interest rate hikes.


• The Fed will not rush into anything, as its approach to interest rates is based on the condition of the US economy.


• The Fed will take its time before jumping into an interest rate hike: More data crunching, less munching
Source: Read More

• Donald Trump is again calling for the impeachment of President Joe Biden, and many of his GOP allies are happy to take up the cause.


• Florida Gov. Ron DeSantis and former U.N. ambassador Nikki Haley, both running for president, said Republicans would be “justified” to pursue the impeachment of Biden.


• House GOP leaders aligned with Trump have hinted that they may pursue impeachment proceedings in the near future.


• House GOPs are joining the fray, with Speaker Kevin McCarthy foreshadowing the inevitable in Washington.


• Once again, politics takes over the law in the US, as the GOP searches for a path to victory in 2024.
Source: Read More

• President Vladimir Putin has allegedly moved some of Russia's short-range nuclear weapons into neighboring Belarus, bringing them closer to Ukraine and NATO's members in Central and Eastern Europe.


• It is unclear what the purpose of the action may be, but it is likely related to Russia's ongoing conflict with Ukraine.


• The deployment of nuclear weapons into Belarus may be a sign of Putin's increasing willingness to use nuclear warheads with the hope of deterring any possible military intervention into Ukraine.


• It is clear that Putin is up to mischief and is playing a dangerous game of nuclear chess, as he continues to move his pieces ever closer to NATO members.
Source: Read More

• Mastercard (MA.N) has instructed financial institutions to end their service with cannabis merchants, and confirmed that cannabis purchases are not allowed on their systems.


• This news is a major setback for the U.S. cannabis industry, which has already been on the fringes of the financial system due to its federal illegality.


• Republican Senator John Cornyn recently expressed doubts on the passing of a bill which would make it easier for cannabis companies to access banking services, with the Majority Leader Chuck Schumer's plan being called "wishful thinking".


• Not even Mastercard can form the green bridge between entrepreneurs and the banking sector. Ah well, back to the black market!
Source : Read More

Baked with love,

Anna Eisenberg ❤️