Wednesday, January 31, 2024

Trump Looks Likely to Take GOP Nod, Haley Vows to Stay In

Coming off two straight victories in Iowa and New Hampshire, former President Donald Trump has moved closer to becoming the Republican nominee in November. While still early in the contest, Trump only faces one major competitor for the race, former South Carolina Governor Nikki Haley, over whom he holds a nearly 55-point lead nationwide, according to the RealClearPolitics average of polls.

Even with this large polling advantage, Haley has vowed to remain in the race, putting her hope in a strong showing in her home state of South Carolina, which votes next month. While it is Haley’s home state, Trump currently has a 30-point polling lead over Haley in the South Carolina.

Trump recently rebuffed an effort by some Republican National Committee (RNC) members to declare Trump the presumptive nominee. Trump wrote on his Truth Social page, “While I greatly appreciate the [RNC] wanting to make me their PRESUMPTIVE NOMINEE...I feel...that they should NOT go forward with this plan...and finish the process off AT THE BALLOT BOX.”

 

US Says It Will Respond to Recent Deadly Drone Attack

The Biden administration has promised a response to the drone strike that killed three American servicemembers in Jordan. According to National Security Council spokesman John Kirby, the US holds the Islamic Resistance in Iraq responsible for the attack, which itself is an umbrella organization that contains Kata'ib Hezbollah, an Iran-backed Shia militant group.

Kirby also said that the response from the US  would not ‘be a one-off,’ but would come in phases.

The three soldiers killed in the drone strike were Sgt. William Jerome Rivers, 46, Specialist Kennedy Ladon Sanders, 24, and Specialist Breonna Alexsondria Moffett, 23. All three were from Georgia.

Kata'ib Hezbollah did announce that it would suspend military operations against US force in the region, though whether it will truly back off from targeting US assets in the region is questionable.

The commander of Iran’s Islamic Revolutionary Guard Corp (IRGC), Hossein Salami, warned that Iran was willing to respond to US retaliatory strikes, also saying, "We (Iran) are not looking for war, but we are not afraid of it either.” This echoes a similar sentiment from President Biden, who has also sought to avoid escalating the conflict in the Middle East.

The Middle East erupted into conflict after the October 7 attack by Hamas on Israeli civilians, killing 1,139. Israel responded with large scale airstrikes and a ground invasion of the Gaza Strip, which has resulted in over 25,000 dead (both civilians and Hamas militants). In response, the Iran-backed Houthi rebels, which control Yemen’s capital Sana’a and much of its western region, have launched attacks on cargo ships and US military vessels, leading to US strikes on Houthi targets.

 

Fed Declines to Cut Rates at Latest Meeting, May Cut in Future

The Federal Reserve kept interest rates unchanged after their latest meeting Wednesday, but future cuts may in store as inflation declines and concerns over an economic slowdown grow.

In the latest statement from the Fed, they expressed that rate cuts were not warranted currently as inflation remains elevated, but they dropped a reference to ‘additional policy firming,’ possibly signaling the cuts could come in the future and that additional rate increases are unlikely unless higher inflations returns.

The latest economic growth numbers remain strong, with job growth continuing, even amid notable layoffs at large companies this January.