US Federal Reserve Chair Jerome Powell hinted at a potential interest rate cut amid rising unemployment and inflation, while emphasizing the need for careful evaluation of economic data. His remarks at the annual economic symposium in Jackson Hole, Wyoming, suggest the Fed is weighing the impact of tariffs and job market stability before making any policy changes, frustrating markets and President Trump.
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Chinese bridge collapse kills a dozen workers
The collapse of a railway bridge under construction in Qinghai province, China, resulted in the deaths of at least 12 workers, with four others still missing after a steel cable snapped during a tensioning operation. A major search effort involving boats, a helicopter, and robots is underway, as the bridge was a significant structure measuring 1.6 km long and 55 meters above the Yellow River. Want More Context? 🔎
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