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Mass Displacement in Lebanon After Intensified Israeli Evacuation Warnings

                                                     Displaced people walk outside a school-turned-shelter, in Beirut Tens of thousands of Lebanese civilians have been forced into shelters after what officials described as “unprecedented” evacuation warnings issued by the Israeli military. Local authorities estimate that around 100,000 people have fled their homes in southern Lebanon within a short period, seeking safety in schools, public buildings, and makeshift community centers. The warnings follow a sharp escalation in cross‑border hostilities, with Israeli forces expanding the areas they instructed residents to evacuate. Lebanese municipalities and humanitarian groups say the pace and scale of displacement have overwhelmed available shelter capacity, leaving many families without adequate access to food, medical care, or basi...
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Powell Hints at Possible Fed Rate Cuts Amid Shifting Economic Risks

 

                                            Federal Reserve Chair Jerome Powell 

Federal Reserve Chair Jerome Powell signaled that the U.S. central bank may consider lowering interest rates in the coming months, though he stopped short of committing to a timeline. Speaking at the annual Jackson Hole economic symposium, Powell acknowledged a “shifting balance of risks” — with both rising unemployment and persistent inflation posing challenges to policymakers.

While the labor market remains relatively stable, Powell described it as being in a “curious kind of balance,” with slower job growth and fewer workers entering the market. He emphasized that the Fed will “proceed carefully” in adjusting its policy stance, basing decisions on evolving economic data rather than political pressure.

Financial markets reacted positively to his remarks, with major U.S. stock indexes rallying on hopes of a potential rate cut as early as the Fed’s September meeting. However, Powell cautioned that tariffs and other factors could still push inflation higher, underscoring the need for a measured approach.


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