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                                                          US Federal Reserve Chair Jerome Powell The Federal Reserve is widely expected to cut interest rates at its upcoming meeting, marking a shift in monetary policy aimed at supporting economic growth amid cooling inflation and slowing demand. While markets have anticipated a series of reductions, policymakers appear cautious, with signals suggesting only one additional cut may be on the horizon for next year. This measured approach reflects the Fed’s balancing act: easing financial conditions to sustain momentum while avoiding overstimulation that could reignite price pressures. Investors are closely watching the central bank’s language for clues on the trajectory of borrowing costs, as households and businesses continue to navigate a delicate economic environment....
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UN General Assembly Rejects U.S. Resolution on Ukraine War, Approves European-Backed Proposal

 

In a significant development at the United Nations, the General Assembly has rejected a U.S.-backed resolution urging an end to the war in Ukraine without mentioning Russian aggression. Instead, the assembly approved a European-backed Ukrainian resolution demanding Russia immediately withdraw its forces from Ukraine.

The U.S. resolution, which failed to gain approval, was seen as a setback for the Trump administration. The resolution aimed to bring a durable end to the conflict but did not explicitly address Russia's invasion of Ukraine. The assembly's decision reflects the ongoing tensions between the U.S. and Ukraine, as well as the strain in the transatlantic alliance over the Trump administration's approach to engagement with Moscow.

The European-backed Ukrainian resolution, which passed with a vote of 93-18 and 65 abstentions, emphasizes the need for Russia to respect Ukraine's sovereignty and territorial integrity. Ukrainian Deputy Foreign Minister Mariana Betsa stated that her country is exercising its "inherent right to self-defense" following Russia's invasion, which violates the U.N. Charter.

U.S. deputy ambassador Dorothy Shea acknowledged that multiple previous U.N. resolutions condemning Russia and demanding the withdrawal of Russian troops have failed to stop the war. She emphasized the need for a resolution marking the commitment from all U.N. member states to bring a durable end to the conflict.

The dueling resolutions highlight the complexities and challenges in addressing the ongoing war in Ukraine and underscore the importance of international cooperation in seeking a peaceful resolution.



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