1
This will be another big week for business news.
- On Wednesday: The Federal Reserve is expected to hike interest rates for the fourth time this year. This is one of the most important tools to combat rising prices.
- On Thursday: The GDP report will tell us whether the US economy has grown or contracted over the past three months.
- Why it matters: Policymakers are trying to bring prices down by cooling the economy — but without triggering a recession. The GDP report will provide another snapshot on how to do this.
2
The WHO declared monkeypox a global health emergency this weekend.
- Why? More than 16,800 cases of the virus, which causes lesions and rashes, have been reported this year, including at least 2,890 in the United States
- What it does: It puts pressure on countries to take action and should lead to more funding.
- What else you should know: Experts are worried because it’s spreading in new ways. In the past, monkeypox was spread through contact with animals; This time it focuses on men who have sex with men.
3
President Biden’s Covid symptoms improved over the weekend.
- The Latest: Biden, 79, still had a sore throat — an “encouraging” sign that “his body is clearing the virus,” his doctor said yesterday.
- What else you should know: The president who tested positive Thursday likely has the BA.5 omicron variant, his doctor said. No close contacts have tested positive.
4
Ukraine pushes grain exports despite attack in Odessa
- What happened: Russia launched a missile attack on the port city less than 24 hours after signing an agreement to ensure safe passage from Odessa and two other ports.
- What it means: Resuming exports – and easing global shortages – won’t be easy, and the attack raises questions about Russia’s commitment to the deal.
5
A boat carrying Haitian migrants trying to cross to the US capsized yesterday.
The January 6 committee wants to speak to the wife of a Supreme Court Justice.
A huge wildfire burns outside of Yosemite National Park in California.
Comments are closed.