Reuters World News Pentagon, Powell, Walmart, DC troops and Gaza's children
Aug 23, 2025
The Pentagon has seen a leadership shake-up with the firing of its intelligence chief. Insights into Jerome Powell’s hints at a possible interest rate cut reveal the Fed's strategy amidst inflation concerns. Walmart's earnings reflect changing consumer habits under tariff pressures. Meanwhile, the National Guard's presence in D.C. poses challenges to tourism and crime rates. In Gaza, families face heartbreaking food shortages, struggling to nourish their children in a dire humanitarian crisis.
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Intelligence Clash At The Pentagon
- The Pentagon removed DIA head Jeffrey Cruz after a leaked assessment contradicted the president's claims about airstrike impact.
- The firing highlights internal friction when intelligence contradicts political narratives.
Powell Hints At September Cut
- Jerome Powell opened the door to a September rate cut while balancing inflation and slowing growth concerns.
- The Fed will use its September meeting to signal the committee's forward path on rates.
Walmart Signals Consumer Shift
- Walmart is gaining customers as shoppers trade down amid tariffs and persistent price pressure.
- Increased grocery reliance and earlier stockpiling mean price effects may show more in the second half.