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Ukrainian Strike Hits Major Industrial Facility Deep Inside Russia

  In this photo provided by Ukraine's 65th Mechanized Brigade press service, a local passes by a destroyed apartment building following an Russian air strike in the town of Komyshuvakha in the Zaporizhzhia region of Ukraine, Friday, Feb. 20, 2026.  A long‑range Ukrainian strike has reportedly targeted a significant industrial site far inside Russian territory, marking one of Kyiv’s deepest attacks since the start of the full‑scale invasion. Early reports from regional officials in Russia indicate that the strike caused a fire at the facility, which is believed to play a role in supporting Moscow’s military production. Ukrainian officials have not publicly claimed responsibility, consistent with their policy of strategic ambiguity regarding operations beyond their borders. However, the attack aligns with Kyiv’s stated goal of disrupting Russia’s defense‑industrial capacity, especially as the war enters another year with both sides relying heavily on long‑range drones and prec...
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Inflation Climb Reinforces Fed’s Cautious Stance as Powell Returns to Capitol

 

Federal Reserve Chair Jerome Powell is back on Capitol Hill amid new data showing that inflation in the United States jumped to a 3% annual rate in January—slightly higher than December’s 2.9%. The uptick, driven by rising costs in housing, food, and energy, is prompting concerns that the progress on curbing inflation may be stalling.

In his second day of testimony before Congress, Powell reiterated that the Fed is in no rush to lower interest rates. He emphasized that while the overall economy remains robust, the unexpected surge in consumer prices underscores the need for a “wait-and-see” approach. Lawmakers grilled him on various issues ranging from tariff policies to the safety of bank deposits, but Powell maintained that the current monetary policy framework is appropriate given the mixed economic signals.

Market observers noted that the higher-than-expected inflation data might further delay any future rate cuts, as the Fed continues to weigh the risks of reducing policy restraint too quickly. With Powell’s testimony ongoing, all eyes remain on Capitol Hill as policymakers and investors seek clarity on the future direction of U.S. monetary policy.


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