 He said new numbers showing unemployment rising slightly may prompt rate cuts sooner. Powell said that the Fed will need to examine more economic data before making a rate cut decision. President Biden will host a high stakes NATO summit in Washington this week to mark the 75th anniversary of the alliance. Benji Heyer has more. The expanded 32 nation defense pact is vowing to pour more weapons into Ukraine for another year. Yet the big prize membership is off the table for now.