Fed Rates Pause, USIP Loses Case, Israel Restarts Gaza Ground Invasion

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The Federal Reserve holds interest rates steady despite rising inflation, while President Trump calls for rate cuts as tariffs take effect. A federal judge rules against blocking the government's takeover of the U.S. Institute of Peace, despite concerns over heavy-handed tactics. And, Israel launches a new ground offensive in Gaza after breaking the ceasefire with Hamas, resulting in hundreds of deaths and raising questions about hostages.<br/><br/><em>Want more comprehensive analysis of the most important news of the day, plus a little fun? </em><a href="https://www.npr.org/newsletter/news"target="_blank" ><em>Subscribe to the Up First newsletter.</em></a><em><br></em><br>Today's episode of Up First was edited by Rafael Nam, Gerry Holmes, Russell Lewis, Alice Woelfle and Mohamad ElBardicy.<br>It was produced by Ziad Buchh, Destinee Adams and Christopher Thomas.<br>We get engineering support from Tom Marchitto, and our technical director is Stacey Abbott.<br/><br/>See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br/><br/><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>