Federal Reserve Chairman Kevin Warsh inherits an economy riding an investment boom but showing signs of consumer strain, weak hiring and rising prices, according to reports from his colleagues that will frame his debut meeting in two weeks as the head of the U.S. central bank.

"Business outlooks for the next six months were reported to have little change in anticipated growth, as elevated uncertainty and signs of weakening consumer spending weighed on sentiment," the Fed said on Wednesday in its latest "Beige Book" report.

It is a roundup of qualitative economic data from across the country that policymakers use to inform their understanding of the economy and policy decisions. (RTRS – Continue Reading)

President Trump has told aides privately that he would consider ending the ceasefire with Iran if Tehran kills American troops, U.S. officials said, insisting that the weekslong pause in airstrikes remains intact despite a steady stream of violent skirmishes.

The president’s reluctance to reignite the war suggests he might be willing to withstand smaller flare-ups for weeks—or even months—to avoid a broader conflict in the Middle East. (WSJ – Continue Reading)

Israel and Lebanon have agreed to implement a ceasefire if Hezbollah also agrees to stop hostilities, according to a joint statement from both countries and the US.

The deal is contingent on “a complete cessation” of fire from Iran-backed Hezbollah, the statement said, adding that the group must evacuate all operatives from Lebanese territory south of the Litani River near the border with Israel. (BBG – Continue Reading)