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Washington (AFP) — The Federal Aviation Administration (FAA) banned US airlines Tuesday from flying to and from Israel for at least 24 hours following a rocket strike near Tel Aviv’s main airport.

In a statement, the U.S. government agency said its prohibition applied only to U.S. air carriers, and that “updated instructions” would be issued “as soon as conditions permit.” Delta, U.S. Airways, and United Airlines had earlier halted flights to and from Tel Aviv’s Ben Gurion International Airport.

AFP Photo / Paul J. Richards

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For a long time, inflation has been the phantom of the American economy: often expected but never seen. But the latest Consumer Price Index, which showed that prices rose by five percent from May of last year to May of this year, raises fears that it is breaking down the front door and taking over the guest room.

The price jump was the biggest one-month increase since 2008. It appears to support the warning of former Treasury Secretary Larry Summers, who wrote in February that President Joe Biden's budget binge could "set off inflationary pressures of a kind we have not seen in a generation." Senate Republican leader Mitch McConnell charged last month that the administration has already produced "raging inflation."

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