The Morning Dispatch: Despite Fed Hikes, Prices Still Climbing

Happy Monday, and a very happy August Recess to all who celebrate.

Quick Hits: Today’s Top Stories

  • More than 50 Ukrainian prisoners of war died early Friday in the bombing of a jail in the occupied Donetsk region. Ukrainian officials have accused Russia of deliberately striking the building to conceal evidence of torture, while Russian leaders claim without evidence that Kyiv bombed the prison as a “provocation.” Ukrainian President Volodymyr Zelensky has called for an international investigation and for the U.S. to recognize Russia as a state sponsor of terrorism.

  • Meanwhile, Russian shelling on the southern Ukrainian city of Mykolaiv this weekend killed Ukrainian grain tycoon Oleksiy Vadatursky in what Ukrainian presidential adviser Mykhailo Podolyak suggested was a targeted attack. Russia and Ukraine last week signed an agreement to resume grain shipments out of Ukraine and—although Russia attacked the Odesa port the next day—Turkish officials said Sunday the first loaded ship is expected to leave Odesa today.

  • The House on Friday passed—217 to 213—the Assault Weapons Ban of 2022, which would block the “sale, import, manufacture, or transfer of certain semi-automatic weapons,” but doesn’t call for the removal or confiscation of weapons Americans already own. The bill—in part a response to the recent spate of mass shootings—will likely fail in the Senate.

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