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Business Highlights: Fed s caution, Target s big profit

Business Highlights: Fed s caution, Target s big profit The Associated Press FacebookTwitterEmail Fed officials in April cautioned about inflation pressures WASHINGTON (AP) The U.S. economy’s faster-than-expected awakening from its pandemic-induced slumber had some Federal Reserve officials last month discussing whether it might be time to start planning for easing back on one of the central bank’s levers for keeping interest rates low. The discussions were revealed in the minutes of the Fed’s April meeting released Wednesday. They marked the first time the central bank has even hinted that the time could be approaching to consider reducing the Fed’s $120 billion monthly bond purchases. The purchases have the effect of putting downward pressure on long-term interest rates. Officials have been wary about broaching this subject out of concern they might roil financial markets.

Hackers targeted SolarWinds earlier than previously known

WASHINGTON  The hackers who carried out the massive SolarWinds intrusion were in the software company’s system as early as January 2019, months earlier than previously known, the company’s top official said Wednesday. SolarWinds had previously traced the origins of the hack to the fall of 2019 but now believes that hackers were doing “very early recon activities” as far back as the prior January, according to Sudhakar Ramakrishna, the company’s president and CEO. “The tradecraft that the attackers used was extremely well done and extremely sophisticated, where they did everything possible to hide in plain sight, so to speak,” Ramakrishna said during a discussion hosted by the RSA Conference.

Hackers targeted SolarWinds earlier than previously known

Hackers targeted SolarWinds earlier than previously known
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