U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists’ views that the Federal Reserve could hold interest rates unchanged well into next year.
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The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of President Donald Trump, according to an Axios report, after Iran targeted a U.S. air base in Kuwait on Thursday in the wake of U.S. strikes on what Washington described as an Iranian drone operation.
It’s an illustration of how the global surveillance economy is shaping the battlefield.