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🏦 Fed's Hammack Warns Inflation Risks Tilted Higher

Cleveland Fed President Beth Hammack said inflation risks remain skewed to the upside, with inflation still elevated even as output and demand stay solid.

Hammack cited supply shocks as a notable challenge for Fed policy, noting the central bank cannot directly resolve supply disruptions but must prevent resulting price pressures from becoming persistent. Her comments reinforce a cautious stance on rate policy.

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🇨🇳 Trump and Xi Meet at Andrews in Rare Summit

President Trump welcomed Chinese President Xi Jinping at Joint Base Andrews — the first time Trump has traveled to the facility to greet a foreign leader — as the two leaders opened direct talks in Washington.

The summit agenda includes Taiwan, artificial intelligence, trade and Iran, covering the full range of contested issues between the world's two largest economies.

The meeting marks a significant diplomatic moment as U.S.-China relations remain strained across trade, technology and geopolitics.

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🇮🇷 Trump Threatens to 'Annihilate' Iran in UN Address

President Donald Trump described himself as a "peacemaker" in a speech at the United Nations while simultaneously threatening to annihilate Iran, according to reports from the address.

Trump's remarks came as U.S.-Iran tensions remain elevated, with no resolution to ongoing regional conflict in sight.

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🇨🇳 China Flaunts Iran Oil Grip Before Trump-Xi Summit

China is signaling its leverage over Iran ahead of a September 24 White House summit between President Trump and President Xi Jinping, with Beijing appearing to use its dominant position in Iranian oil markets as a negotiating tool.

China purchases roughly 80% of Iran's oil exports, giving it substantial influence over Tehran. Chinese Foreign Minister Wang Yi met with Iranian counterparts in the lead-up to the summit, a move analysts view as Beijing underlining that leverage.

Expectations for a breakthrough on Iran at the summit remain low. Trump has indicated the meeting will focus on economic outcomes, and Xi has assembled a delegation of senior business executives — suggesting trade, not geopolitics, will dominate the agenda.

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💼 Trump Social Media Firm Sues Co-Founder Over Alleged Embezzlement

X Strategies, the political consulting firm that manages the Trump War Room and Team Trump accounts on X, has filed suit against one of its co-founders, accusing him of embezzling millions of dollars from the company.

The lawsuit alleges the co-founder siphoned funds to finance a lavish lifestyle and gambling addiction. X Strategies is one of the firms handling prominent social media operations tied to President Trump.

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🇮🇷 Trump Expects Iran Deal — After November Midterms

President Donald Trump called for complete economic isolation of Iran at the United Nations General Assembly on Tuesday, while signaling he expects a deal to follow the November 3 midterm elections.

"I believe we'll make a deal right after the election because it doesn't make sense for them not to. They're waiting to see how I do in the midterm election," Trump said in his UN address. He showed no intention to resume talks during the General Assembly session.

Iran had earlier hinted at the prospect of reviving negotiations to end their nearly seven-month-old conflict, with both presidents present in New York.

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🛂 ICE Agent Shoots Venezuelan Driver in Back — Austin Protests Resume

Protests returned to Austin, Texas on Monday night following the shooting of a Venezuelan delivery driver by an Immigration and Customs Enforcement agent.

Video footage shows officers surrounding 28-year-old Wilber Rafael Garcés Pérez in the moments after he was shot in the back. The shooting has prompted renewed demonstrations in the city.

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