The Fed’s policy committee announced it would both end its bond-buying program and likely raise interest rates sooner than had been expected. “Inflation is more persistent and higher, and that the risk of it remaining higher for longer has grown,” Fed chair Jerome Powell explained. Translated: Powell and the Fed …

Australia, the United Kingdom and the United States of America recently held the inaugural meetings of the AUKUS Trilateral Joint Steering Groups, which were established as part of the governance structure of AUKUS in September 2021. The Joint Steering Group for Advanced Capabilities met on December 9 and the Joint …

Russia has published a wish list of security conditions that it wants to negotiate with the United States and NATO, including an end to the alliance’s eastward expansion and military cooperation with countries such as Ukraine and Georgia, terms that analysts say will be nearly impossible for Washington to accept. …