The Federal Reserve is expected to indicate its intention to increase interest rates in the future to combat high inflation, despite the prevailing low unemployment rate. However, experts predict that the central bank will adopt a wait-and-see approach this month to evaluate the impact of previous rate hikes. Since March of the previous year, the Federal Open Market Committee has implemented ten interest rate hikes, resulting in the current key federal funds rate of around 5%. These rate hikes aim to curb overall demand and alleviate upward price pressure. Although inflation has slightly decreased, it remains above the Federal Reserve’s 2% target.

https://www.nbcnews.com/business/economy/federal-reserve-interest-rate-decision-june-2023-pause-how-much-rcna88922

Following a nomination period spanning over 20 months, Ho’s appointment as a federal district court judge in Manhattan was approved by a narrow Senate vote of 50-49. This significant development aligns with his role as an ACLU attorney, further solidifying his position as a prominent advocate for justice in the United States District Court for the Southern District of New York. For detailed information, you may refer to:

https://news.bloomberglaw.com/us-law-week/aclus-dale-ho-confirmed-to-new-york-based-us-district-court

Discover why a substantial number of central banks, around 25%, are contemplating expanding their gold reserves. Learn how geopolitical worries, interest rate concerns, and rising inflationary pressures are driving this trend. For more details, click here:

https://www.wsj.com/articles/central-banks-look-to-increase-gold-reserves-as-geopolitical-worries-mount-7fa5d891?mod=Searchresults_pos1&page=1

The Turkish central bank has made the decision to extend its period of unchanged interest rates for the third consecutive month. This move is aimed at ensuring the stability of the lira, particularly in anticipation of an upcoming presidential runoff.

For the continuation of the news:

https://www.bloomberg.com/news/articles/2023-05-25/turkey-looks-to-delay-lira-reckoning-by-holding-rates-day-guide?srnd=premium-middle-east&leadSource=uverify%20wall

The ongoing negotiations between McHarty and Biden regarding the June debt ceiling have sparked concerns about the potential ramifications, particularly for disadvantaged individuals and the elderly. Experts warn that if a debt default occurs, it could jeopardize the timely delivery of Social Security checks, with the most vulnerable recipients being at the highest risk.

Kathleen Roming, Director of Social Security and disability policy at the Center on Budget and Policy Priorities, highlights the potential consequences of a debt default. She emphasizes that the first individuals to face the impact would be the poorest and oldest recipients of Social Security payments.

You may find the details in:

https://www.cnbc.com/2023/05/24/social-security-for-oldest-poorest-could-be-at-risk-in-debt-default.html

Analysis by Jim Sciutto, Chief National Security Correspondent: For more than a year, I have been trying to help a family leave Afghanistan for safety and a new life abroad. I met one member of the family of four years ago on multiple assignments in Afghanistan and we have stayed in touch through the many ups and downs of the war and its aftermath. You may find the details of the report in

https://edition.cnn.com/2022/12/13/politics/afghan-special-immigration-visas/index.html