A small aircraft lost control and crashed into the tarmac during an aerobatics performance at the International Air Show, with the pilot sustaining serious injuries. The incident occurred away from spectators, causing gasps from the crowd, leading to the suspension of the airshow for the day as emergency services respond. The event, the largest of its kind in the Southern Hemisphere, is now facing transportation delays as tens of thousands of patrons try to leave the site.
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US Fed keeps rates unchanged, expects two cuts in 2025
The US Federal Reserve has maintained steady interest rates but indicated potential cuts later this year amid rising inflation from President Trump's tariffs, projecting a 1.4% economic growth and 4.5% unemployment by year-end. While policymakers anticipate a total rate cut of half a percentage point this year, they have moderated future cuts, reflecting uncertainties in the economic outlook and trade policies. Need More Context? 🔎
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