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Fed Poised for First 2025 Rate Cut as Weak Jobs Data Outweigh Inflation Concerns

  The Federal Reserve seal at its Washington, D.C. headquarters, where policymakers are set to decide on the first interest rate cut of 2025. The U.S. Federal Reserve is expected to lower its benchmark interest rate by 25 basis points today, marking its first rate cut of 2025 and the first since December last year. The move would bring the federal funds target range down to 4.00%–4.25%, as policymakers respond to slowing job growth and rising unemployment, even as inflation remains above the Fed’s 2% target. Recent labor market data showed just 22,000 jobs added in August, with earlier months revised downward, while the unemployment rate has climbed to around 4.3%. Inflation, measured by the Fed’s preferred PCE index, has edged higher in recent months, partly due to tariffs pushing up consumer prices. Markets have largely priced in the cut, with investors watching the Fed’s updated “dot plot” for clues on whether more reductions will follow in October and December. The decision ...
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Ancient Egyptian Superhighway: The Ahramat River’s Role in Pyramid Construction

 

For centuries, the construction of Egypt’s majestic pyramids has been shrouded in mystery, with numerous theories attempting to explain how these ancient wonders were built. Now, a groundbreaking discovery may hold the key to this age-old question.

  • The Ahramat River: Researchers have uncovered a lost branch of the Nile, named Ahramat, which they believe was instrumental in transporting materials for pyramid construction.
  • Transportation of Materials: The river, running alongside 31 pyramids, was likely used to float massive stone blocks, some weighing over a ton, from distant quarries to the construction sites.
  • Technological Breakthrough: The discovery was made possible through radar satellite imagery, enabling scientists to identify buried rivers and structures beneath the desert sands.
  • Impact on Pyramid Placement: The study suggests that the positioning of pyramids farther east during Egypt’s Middle Kingdom era was due to the migration of the Ahramat waterway since the Old Kingdom era.

This revelation not only demystifies the construction process of the pyramids but also provides insight into the sophisticated infrastructure and planning capabilities of ancient Egyptian civilization.

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