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Stocks Up Slightly After Powell Speaks to Congress U.S. stocks edged higher Wednesday after Federal Reserve Chairman Jerome Powell told members of Congress that inflation will moderate and that the central bank plans to maintain its current monetary policies.
Powell Says Fed Still Expects Inflation to Ease Federal Reserve Chairman Jerome Powell said the central bank wouldn t hesitate to raise interest rates to keep inflation under control but repeatedly emphasized he still expects price pressures to ease later this year.
Businesses See Above-Average Price Increases, Worry About Lingering Inflation, Fed Beige Book Says The central bank also says the economic recovery further strengthened headed into the summer.
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HSToday) The Office of Director of National Intelligence (ODNI) released an unclassified preliminary intelligence assessment in late June that details reports on unidentified aerial phenomena (UAP). While in almost every instance the UAP can’t be explained, the report suggests that UAP can present a threat to national security.
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