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Missile Fire from Yemen's Houthi Rebels Triggers Sirens in Central Israel for the Second Night

  For the second consecutive night, air raid sirens blared across central Israel as a missile launched from Yemen's Houthi rebels was intercepted by Israeli air defenses early Wednesday morning. The missile, aimed at the Tel Aviv area, was successfully intercepted before crossing into Israeli territory, though shrapnel from the interception fell in several towns.  This marks the fourth time in a week that missile fire from the Houthi rebels has set off sirens in Israel. On Saturday, a missile hit a playground in Tel Aviv, injuring 16 people after Israel's air defense system failed to intercept it. In response, Israeli jets struck Yemen's rebel-held capital and a port city, resulting in nine casualties.  Israel's foreign minister has requested an emergency meeting of the U.N. Security Council to condemn the Houthi attacks and their alleged Iranian allies for providing the rebels with weapons. The situation remains tense as both sides continue to exchange fire, with the H...
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Wall Street Shaken by Surging Inflation: Rate Cut Hopes Dashed

 

In a dramatic turn of events, Wall Street is grappling with the aftermath of scorching U.S. inflation data. The Federal Reserve’s rate cut hopes have been dashed, leaving investors on edge.

January, February, and March have all witnessed inflation reports hotter than anticipated. The fear now looms that inflation may be stubbornly entrenched. For shoppers, this translates to potential pain at the checkout counter as prices soar. But for Wall Street, it’s a different kind of anxiety.

The Federal Reserve has been cautiously eyeing inflation trends. After a promising cooldown last year, the recent surge has raised concerns. The central bank’s goal of achieving sustainable inflation around 2% now seems elusive. Traders, who had been banking on interest rate cuts, are left in limbo.

The S&P 500 dropped 0.9%, while the Dow Jones Industrial Average plummeted 1.1%. Nasdaq also felt the heat, falling 0.8%. Treasury yields spiked, adding pressure to the stock market. Bond prices tumbled, and gold lost its luster. The yield on the 10-year Treasury surged to 4.54%, signaling unease.

Stay tuned as the financial landscape grapples with this inflationary tempest. The Fed’s next move remains uncertain, and investors are bracing for impact.


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