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Fed Poised for First 2025 Rate Cut as Weak Jobs Data Outweigh Inflation Concerns

  The Federal Reserve seal at its Washington, D.C. headquarters, where policymakers are set to decide on the first interest rate cut of 2025. The U.S. Federal Reserve is expected to lower its benchmark interest rate by 25 basis points today, marking its first rate cut of 2025 and the first since December last year. The move would bring the federal funds target range down to 4.00%–4.25%, as policymakers respond to slowing job growth and rising unemployment, even as inflation remains above the Fed’s 2% target. Recent labor market data showed just 22,000 jobs added in August, with earlier months revised downward, while the unemployment rate has climbed to around 4.3%. Inflation, measured by the Fed’s preferred PCE index, has edged higher in recent months, partly due to tariffs pushing up consumer prices. Markets have largely priced in the cut, with investors watching the Fed’s updated “dot plot” for clues on whether more reductions will follow in October and December. The decision ...
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Israeli Forces Detain 100 Suspected Hamas Militants in Gaza Hospital Raid

 

In a significant military operation, Israeli troops captured around 100 suspected Hamas militants during a raid at Kamal Adwan hospital in northern Gaza, the military announced on Monday. The raid, which took place over the weekend, has been met with conflicting reports from Gaza health officials and Hamas, who deny any militant presence at the hospital.

The Israeli military stated that the operation was aimed at dismantling a Hamas stronghold within the hospital. “The soldiers apprehended approximately 100 terrorists from the compound, including those who attempted to escape during the evacuation of civilians,” a military spokesperson said. The troops reportedly found weapons, terror funds, and intelligence documents inside the hospital.

Gaza’s health ministry, however, has accused the Israeli forces of detaining dozens of male medical staff and causing significant damage to the hospital, which was already struggling due to ongoing raids in the area. Footage released by the health ministry showed extensive damage to several buildings, though this has not been independently verified.

The raid has intensified the already dire humanitarian situation in northern Gaza, where thousands of civilians are trapped amid ongoing military operations. The Israeli military has urged civilians to evacuate the area, but many have been unable to leave due to the continuous fighting.

This operation is part of a broader Israeli offensive aimed at rooting out Hamas militants following a series of deadly attacks. The conflict has resulted in significant casualties on both sides, with international calls for a ceasefire growing louder.


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