Fed Stalls, Entitlements Teeter, HIV Drug Approved, Russia Warns U.S. on Iran

4 Things To Know This Afternoon · Jun 18, 2025 · 1m

•Fed Hits Pause—but for How Long? The Federal Reserve holds interest rates steady, but Powell warns of stagflation ahead. With inflation still high and Congress unwilling to cut spending, rate relief may be further off than the markets hope. • Social Security & Medicare Near the Cliff New projections show both programs heading toward insolvency within a decade. Without meaningful reform, seniors could face automatic benefit cuts and reduced access to care, while Washington continues to dodge tough decisions. •FDA Approves New HIV Prevention Drug Linacapavir, a twice-yearly injection, offers…