The Morning Dispatch: Another Rate Hike From the Fed

Happy Thursday! After about 27 years, Microsoft ended support for Internet Explorer yesterday. Rest in peace: We’re a day late in bidding you farewell, just as you were in loading all our web pages.

Quick Hits: Today’s Top Stories

  • President Joe Biden announced Wednesday another $1 billion disbursement of military aid for Ukraine—including artillery, ammunition, and coastal defense systems—and $225 million in humanitarian aid for essentials like clean drinking water and medical supplies. Ukrainian official David Arakhamia said Wednesday that 200 to 500 Ukrainian soldiers are dying daily in the eastern Donbas region, though chairman of the joint chiefs of staff Gen. Mark Milley estimated it’s closer to 100 to 300.

  • The annual number of abortions in the United States increased by 8 percent from 2017 to 2020, according to the pro-abortion access Guttmacher Institute, ending an approximately 30-year decline in the American abortion rate. In 2020, one in five pregnancies ended in abortion, up from 18 percent in 2017.

  • The Commerce Department reported Wednesday that retail sales ended a five month streak of increases and fell 0.3 percent in May from April, not adjusted for inflation. Weak car sales drove the decline—without them, overall retail sales rose 0.5 percent.

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