Fed Rate Cuts and Economic Signals

Democrats were on the receiving end of some midterm election momentum this week. In Indiana, Republicans lawmakers defied intense pressure from President Donald Trump rejecting his demands for a newly gerrymandered Congressional map.

In Miami, residents elected Eileen Higgins as mayor, the first woman to hold the job in the city’s history. She’s also the first Democrat to hold the office in 28 years. And a Georgia state House seat flipped in a district Trump won by double digits.

And Congress is considering limiting the Pentagon’s travel budget after Defense Secretary Pete Hegseth refused to release footage of a “double-tap” strike he ordered on an alleged drug boat in the Caribbean.

Meanwhile, can the United States legally seize a Venezuelan oil tanker or is it an act of “international piracy.”? What does this latest move by the Trump Administration towards Nicolas Maduro mean for escalating the ongoing pressure campaign? President Donald Trump says the vessel was taken “for a very good reason.”

Under the terms of the U.S.-brokered ceasefire between Israel and Hamas, 600 trucks per day carrying aid must be allowed into Gaza. This week, an analysis by the Associated Press showed an average of only 459 are crossing into the territory daily. This comes as torrential rain from Storm Byron swept across the Strip flooding overcrowded tents sheltering tens of thousands of families displaced by the war.

Ukrainian President Volodymyr Zelenskyy is sounding the alarm about the role China is playing in helping Russia beef up its military industry.

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