Today in News History

On June 22, several notable moments in the history of News stand out. In 1714, Matthew Henry, Welsh minister and author (born 1662) passed away. In 1903, Carl Hubbell, American baseball player (died 1988) was born. In 1916, Emil Fackenheim, German Jewish philosopher and Reform rabbi (died 2003) was born. In 1924, Larkin Kerwin, Canadian physicist and academic (died 2004) was born. In 1933, Dianne Feinstein, American politician (died 2023) was born. In 1944, U.S. President Franklin D. Roosevelt signs into law the Servicemen's Readjustment Act of 1944, commonly known as the G.I. Bill. In 1950, John Perdue, former West Virginia State Treasurer was born. In 1972, Damien Oliver, Australian jockey was born. In 2012, A Turkish Air Force McDonnell Douglas F-4 Phantom II fighter plane is shot down by the Syrian Armed Forces, killing both of the plane's pilots and worsening already-strained relations between Turkey and Syria. In 2022, An earthquake occurs in eastern Afghanistan resulting in over 1,000 deaths. Together, these milestones provide historical context for today's news news and ongoing narratives.

The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says

Fortune

Fortune

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June 22, 2026

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The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says

The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks.

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