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Month: January 2024

The Fed keeps interest rates on hold — and signals cuts aren’t coming soon

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve held interest rates steady Wednesday for the fourth-straight meeting, keeping its benchmark lending rate at a 23-year high, as Wall Street eagerly awaits rate cuts sometime this year. The central bank has raised rates 11 times since March 2022 in a bid to combat the fastest inflation in decades. Price hikes have

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Mexico’s president condemns reports of an old US investigation into alleged drug campaign donations

By MARK STEVENSON Associated Press MEXICO CITY (AP) — Mexico’s president has condemned media reports that the U.S. government launched an abortive investigation into claims that drug traffickers may have contributed money to his failed 2006 campaign. President Andrés Manuel López Obrador immediately interpreted the reports as a U.S. attack on his government and his

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Rumors that Ukraine’s top commander may be dismissed expose rifts in Ukraine top brass

By EMMA BURROWS Associated Press Reports have emerged that Ukrainian President Volodymyr Zelenskyy plans to fire the country’s popular top military leader. The reports in local and Western media have been denied by Zelenskyy’s office, but they are heightening expectations that Valerii Zaluzhnyi’s resignation could be imminent. His departure would be the most severe shakeup

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Nuevo gobierno se acerca a UABC

Los equipos del Super Bowl LVIII no pueden apostar en Las Vegas: la NFL subraya que las reglas “no cambian” respecto a cualquier otro partido

urielblanco (CNN) — La NFL recalcó que las reglas de juego para los equipos participantes del Super Bowl LVIII “no son diferentes” a las de cualquier otro partido, a pesar de que el evento se celebre en Las Vegas, Nevada. Los Kansas City Chiefs se enfrentarán a los San Francisco 49ers el 11 de febrero en

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Federal Reserve signals that interest rate cuts aren’t imminent and leaves them unchanged for now

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates, a sign that its officials have grown confident that they’re close to fully taming inflation. But the Fed also signaled that the first rate cut is likely months away. The central

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Islamic Resistance in Iraq group is to blame for Jordan drone strike that killed 3 troops, US says

By JON GAMBRELL, AAMER MADHANI and ZEKE MILLER Associated Press WASHINGTON (AP) — The United States on Wednesday attributed the drone attack that killed three U.S. service members in Jordan to the Islamic Resistance in Iraq, an umbrella group of Iran-backed militias, as President Joe Biden weighs his response options to the strike. The attribution

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