内容摘要：Merz has said that “the government will in the future provide all the financing the Bundeswehr needs to become the strongest conventional army in Europe.” He has

Merz has said that “the government will in the future provide all the financing the Bundeswehr needs to become the strongest conventional army in Europe.” He has

The Fed has yet to cut interest rates this year after slashing them through the end of 2024. Part of the reason for the pause is that the Fed wants to see how much Trump’s tariffs will hurt the economy and raise inflation. While lower interest rates could boost the economy, they could also give inflation more fuel.Longer-term Treasury yields have also been rising in recent weeks because of reasons outside the Fed’s control. Investors have been demanding the U.S. government pay more in interest to borrow because of

through tax cuts under discussion on Capitol Hill.Investors are hoping for deals that will lower Trump’s tariffs. But nothing is assured. The European Union’s top trade negotiator, Maroš Šefčovič,, U.S. Trade Representative Jamieson Greer, on the sidelines of a meeting of the Organisation for Economic Cooperation and Development.

In the bond market, the yield on the 10-year Treasury fell to 4.35% from 4.46% late Tuesday. The two-year Treasury yield, which more closely tracks traders’ expectations for what the Fed will do with overnight interest rates, eased to 3.86% from 3.96%.In other dealings early Thursday, benchmark U.S. crude fell 8 cents to $62.77 a barrel. Brent crude, the international standard, edged up 1 cent to $64.87 a barrel.

The U.S. dollar rose to 142.87 Japanese yen from 142.78 yen. The euro cost $1.1413, little changed from $1.1418.

AP Business Writer Stan Choe contributed.As of Tuesday that satellite had picked up four times as many fire hot spots across Canada than is typical for early June. That’s more than any year since the satellite began transmitting in 2012, except 2023,

Though the satellite has recorded thousands of hot spots so far this year, that does not mean there are actually that many active fires. Each hot spot could be detected repeatedly over the course of days. And because each detection is about the size of 26 football fields, it can represent part of a much larger blaze, said James MacCarthy, wildfire research manager at Global Forest Watch.Based on data from the

, about 200 fires are actively burning in Canada and have consumed about 7,700 square miles (19,900 square kilometers) of terrain, most of it in the last week.Only 2023 saw such high numbers so early in Canada’s fire season, which runs from April through October. That year wildfires burned a record 67,000 square miles — more than twice the surface area of Lake Superior, the largest of the Great Lakes.