Sunday's News Links

[Reuters] Hezbollah, Israel exchange heavy fire amid fear of widening conflict

[AP] Hezbollah hits back with more than 100 rockets across a wider and deeper area of Israel

[CNN Live Updates] The latest on Israel’s attacks against Hezbollah in Lebanon

[Yahoo Finance] Fed's preferred inflation gauge and second quarter GDP: What to know this week

[AP] For home shoppers, the Fed’s big cut is likely just a small step towards affording a home

[Reuters] Biden and Japan's Kishida discuss shared concerns over South China Sea

[Bloomberg] US Worries Deepen as Adversaries Team Up to Challenge Dominance

[WSJ] Israel and Hezbollah Slide Toward Full-Scale War in Night of Intense Strikes

[WSJ] The Fed Is Flying Blind. Investors Don’t Seem to Care.

[FT] Israel bombs Lebanon as Hizbollah rockets hit Haifa suburbs

[FT] Fed’s high-rates era handed $1tn windfall to US banks