The euro has hit parity with the dollar, falling to its lowest level in 20 years and even skirting just below a one-to-one exchange rate with the U.S. currency at times this week.
U.S. President Joe Biden and Israeli Prime Minister Yair Lapid stood side-by-side Thursday and declared they would not allow Iran to become a nuclear power. They parted ways, though, on how to get there.
Inflation’s relentless surge didn’t merely persist in June. It accelerated.For the 12 months ending in June, the government’s consumer price index rocketed 9.1%, the fastest year-over-year jump since 1981.
President Joe Biden on Wednesday opened his first visit to the Mideast since taking office by offering anxious Israeli leaders strong reassurances of his determination to stop Iran’s growing nuclear program, saying he’d be willing to use force as a “last resort.”