🇺🇸 The Fed kept the base rate in the range of 5.25-5.5%

SUMMARY OF FED DECISION (6/12/24):

1. Fed leaves rates unchanged for 7th straight meeting

2. Officials raise 2024 inflation forecast from 2.4% to 2.6%

3. Median forecasts shows just 1 rate cut in 2024

4. Median forecast shows 100 bps of rate cuts in 2025

5. Fed says inflation has eased "but remains elevated"

6. Median 2024 Core PCE inflation estimate up from 2.6% to 2.8%

We expect the Fed to continue their "meeting by meeting" approach.

Dubai lights up the worlds tallest building, Burj Khalif, to honor Russia Day.

In Germany, Quran teacher is tried for pedophilia

A 30-year-old Syrian man from Bochum is accused of abusing six girls aged between five and nine years old. He harassed his students, and even raped one, writes Bild. Parents themselves brought their daughters to his home, where, as they thought, he gave private lessons in Arabic and the Koran.

Hamas seeking guarantees from the US for permanent Gaza ceasefire and Israeli withdrawal, sources say — Reuters

G7 agrees to transfer Russian assets to Ukraine

🔹 AFP: The leaders of the Group of 7 agreed to allocate 50 billion dollars to Ukraine from Russian blocked assets by the end of the year.

Today's Panchang.

Lord Shiva's Temple Base Discovered Underground In Maharashtra's Nanded

The village of Hottal, famous for its temples dating back to the Chalukyan era, has provided three stone inscriptions. These inscriptions mention the contributions of donors who assisted in building these temples around 1070 AD, the official mentioned.

Another Khatakhat Scheme by Rahul Gandhi... This time .. 'Aate Se Sona'

A joint checkpoint was established at Reddi Chowkibal market by BSF, Army and J&K Police.

During the search, an OGW, Mujahideen namely Shabir Ahmad was apprehended and 1 pistol, 1 pistol magazine, 10 pistol rounds, 4 hand grenades and 2 IEDs were recovered from his possession.

Jack the Ripper was an unidentified serial killer active in and around the impoverished Whitechapel district of London, England, in 1888.

The global gender gap is estimated to take 134 years to reach full parity, or roughly 5 generations, according to the World Economic Forum report

Israeli soldiers didn’t receive permission to use artillery to burn down vegetation near their forward operating base by the Lebanese border.

They wanted to make it harder for the enemy to infiltrate their base

So they used older methods to burn it down

Chinese Armour Piercing bullet used by Terrorists in #Kathua Operation.

Point to be noted that the MoU was signed between Parivarbaad Party & China

Finally, journalists in Odisha allowed entry into the State Secretariat (Loka Seva Bhawan), after a gap of 4 years as BJP comes to power.

Contrary to opposition accusations of Modi being a fascist, it's the BJP that is fostering democracy in Odisha.

https://x.com/MeghUpdates/status/1800934899807027713

Sketch of 4 Mujahideens Released.. They were involved in Reasi terrorist attack.