— Denial of loan applications

“Recent indicators suggest that economic activity has continued to expand at a solid pace,” the Fed said in a statement. “Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress.”More Fed rate cuts are expected in the coming months, with the steepness of the reductions dependent on the direction of inflation and job growth.

“We know that it is time to recalibrate our (interest rate) policy to something that’s more appropriate given the progress on inflation,” Fed Chair Jerome Powell said at a news conference. “The labor market is actually in solid condition and our intention with our policy move today is to keep it there.”“We don’t think we’re behind — we think this is timely,” he added. “But I think you can take this as a sign of our commitment not to get behind.”Although taking action now to try to capitalize on lower rates, like shifting money out of a certificate of deposit or refinancing a mortgage, “might be warranted for some, you shouldn’t feel obligated to completely change up your financial strategy just because rates move lower,” said Jacob Channel, a senior economist at LendingTree.

“Act cautiously and responsibly,” Channel said, “and don’t make any rash decisions based on a single Fed meeting or economic report.”Eventually, yields for savers will decline as the Fed lowers its benchmark rate.

“As attractive as yields on savings instruments have recently been, it’s wise not to hold too much in cash because these are short-term instruments and their yields are ephemeral,” said Christine Benz, director of personal finance at Morningstar. “The really great yields that we’ve had recently may go lower.”

If you don’t have a need for cash right away, you can continue to lock in what are “still pretty decent yields on offer,” she said. In that case, “longer-term certificates of deposit might make sense.”, a charge that Israel vehemently denies and that many in the international community have been hesitant to make, even as criticism of Israel has come to a head in recent weeks.

“Instead of admitting that the existing distribution system has failed, the U.N. insists on preserving Hamas’ supply pipeline,” Israeli Ambassador to the U.N. Danny Danon said Tuesday to the Security Council. “This is not neutrality — this is support for terrorism. Israel will not cooperate with a mechanism that strengthens those who kidnapped, murdered, raped and tortured our citizens.”United Nations spokespeople have stressed repeatedly that only a court can make a determination that genocide has been committed.

Fletcher, a longtime British diplomat, has spent the last several weeks in meetings with Israeli officials, lobbying for them to allow back into Gaza food, fuel, medicine and all other. It’s worsened a humanitarian crisis for 2.3 million Palestinians, with experts saying this week that nearly half a million Palestinians are