'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts

Burning Man 2023 Faces Severe Weather Challenges Severe dust storms with 50 mph winds and high temperatures have plagued this year's Burning Man festival in Nevada's Black Rock Desert, causing injuries, campsite damage, and travel delays. As rain and potential thunderstorms loom, concerns about flooding and muddy conditions mirror last year's troubles when attendees were stranded in the mud. Want More Context? 🔎

The World Gravy Wrestling Championships, held at the Rose 'n' Bowl pub in Lancashire, attracted large crowds as competitors battled in a ring filled with 1,500 liters of gravy. Since 2007, the event has raised funds for East Lancashire Hospice and allowed wrestlers to support their chosen charities, with winners judged on wrestling skills, costumes, and crowd engagement. Want More Context? 🔎

Israeli airstrikes on Nasser Hospital in Khan Younis, southern Gaza, resulted in the deaths of at least 20 individuals, including five journalists from Al Jazeera, the Associated Press, and Reuters, during a "double-tap" attack. The Israeli military stated it would investigate the incident, emphasizing it does not intentionally target civilians or journalists, amid rising concerns over journalist safety in conflict zones. Want More Context? 🔎

Illinois political leaders and Chicago officials are opposing President Trump's potential deployment of National Guard troops to combat crime, homelessness, and immigration, labeling it as federal overreach and "political theater." Governor Pritzker and Mayor Johnson emphasized that there is no emergency justifying military intervention, highlighting recent declines in crime rates in Chicago. Want More Context? 🔎

Syria accused Israel of sending 60 soldiers to Mount Hermon, claiming the operation violated its sovereignty and threatened regional security, amidst ongoing U.S.-mediated talks for de-escalation. The incident, which included the arrest of six Syrians, occurred near a strategic area known for arms smuggling by Hezbollah and was described by Syria as a dangerous escalation against peace. Want More Context? 🔎

An Oklahoma man, Dustin Walker, 34, was arrested for child sexual abuse after his 11-year-old stepdaughter gave birth at home, with DNA confirming he is the father. Alongside Cherie Walker, 33, charged with enabling the abuse, they face multiple counts of felony child neglect, and their five other children were removed from a severely unsanitary living environment. Want More Context? 🔎