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Turkey Steps Up Regional Defenses With Planned Missile Deployment to Cyprus

                                                         A Hisar-A system being fired Turkey is reportedly preparing to deploy Hisar surface‑to‑air missile systems to Cyprus, marking a significant escalation in regional military posturing amid ongoing Middle East tensions.   Turkey is moving to bolster its military presence in Cyprus by deploying Hisar surface‑to‑air missile systems, according to reports from Turkish media. The move comes as regional tensions continue to rise due to ongoing conflict in the Middle East.  The planned deployment follows the recent stationing of six Turkish F‑16 fighter jets at Ercan (Tymbou) airport in Northern Cyprus earlier in the week. These aircraft, along with the incoming missile systems, are part of Ankara’s broader strategy to enhance security for the Turkish Republic o...
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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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