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Zelensky Urges Stronger U.S. Pressure After Strikes Freeze Kyiv

  People take shelter inside a metro station during a Russian missile and drone attack, in Kyiv. Ukrainian President Volodymyr Zelensky is calling for intensified U.S. pressure on Russia after a new wave of missile and drone strikes left parts of Kyiv without heat, electricity, and water. The attacks, which targeted critical infrastructure during freezing winter temperatures, plunged several districts into darkness and disrupted essential services. Emergency crews worked through the night to contain fires and restore power, while city officials warned residents to brace for further outages. The strikes are part of Russia’s ongoing campaign against Ukraine’s energy grid, a strategy that has repeatedly exposed civilians to dangerous winter conditions. Zelensky urged Washington and other Western partners to respond with a unified and forceful message to Moscow, arguing that only increased diplomatic and economic pressure can deter further attacks. He emphasized that the latest stri...
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U.S. Consumer Prices Rise More Than Expected in December; Weekly Jobless Claims Fall

 

The U.S. consumer prices rose more than expected in December, according to a recent report by the Labor Department’s Bureau of Labor Statistics. The Consumer Price Index (CPI) rose 0.3% last month after nudging up 0.1% in November

The cost of shelter accounted for more than half of the increase in the CPI. In the 12 months through December, the CPI rose 3.4% after increasing 3.1% in November. This increase was higher than the 0.2% on the month and 3.2% on a year-on-year basis that economists polled by Reuters had forecasted.

In addition, the report also stated that weekly jobless claims fell. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 205,000 for the week ended Dec. 18, the Labor Department said.

This report could delay a much anticipated interest rate cut in March from the Federal Reserve. With the resilient labor market keeping wage growth elevated, some economists expect a rate cut in May or June.


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