Ukraine has "inflicted a major operational defeat" on Russia, recapturing almost all of the Kharkiv region in the rapid counteroffensive launched last week.
In the worst defeat for Moscow's forces since Kyiv in March, thousands of Russian soldiers left behind ammunition and equipment as they fled the city of Izium.
Federal Reserve Governor Christopher Waller echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month.
