Two major stories dominate today’s global news cycle. In South Asia, climatologists and disaster‑risk specialists are warning that Nepal could face another wave of severe flooding as the monsoon season intensifies. Recent satellite data shows above‑average precipitation over the Himalayas, raising concerns about landslides and river overflows in the Kathmandu Valley and surrounding districts. The Ministry of Home Affairs has activated emergency response teams and urged residents in high‑risk zones to prepare evacuation kits.
Meanwhile, in the United States, Federal Reserve Chairman Jerome Powell is slated to give a highly anticipated speech at the Economic Club of New York. The address is expected to shed light on the central bank’s stance regarding interest‑rate policy amid lingering inflation pressures and a still‑fragile labor market. Analysts predict that Powell may hint at a pause in rate hikes, but will likely emphasize the Fed’s commitment to achieving a 2% inflation target. Markets worldwide are bracing for potential volatility following the remarks.