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CNN CNN Newsroom July 7, 2024

historic inflation. the decision will likely produce ripple effects on your personal finances and the economy in the months to come. cnn s matthew gin et joins us. we ve been awaiting this decision, what has the fed said? 75 basis points, the fed just delivered another massive interest rate hike, designed to put this inflation fire out. that means higher borrowing costs. this is the fourth straight interest rate hikes. this is historic. we ve never seen drastic actions like this under janet yellen. we never saw this from ben bernanke, or even alan greenspan. you have to go back to the early 80s under paul volcker. i think this says how stubborn the inflation has been. the fed s statement, which is watched very closely, is basically identical to last month, except for one key part. the fed reiterated that ongoing interest rate hikes are likely to be appropriate, but they added that this is going to be the case in order to get policy restrictive enough to get inflation ....

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Hawks vs. Doves | Forexlive

Discover how the speeches and comments from central bank members can impact the markets. ....

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Mangio takes PCCI helm, advocates inclusivity in business

NEWLY installed president of the Philippine Chamber of Commerce and Industry (PCCI) Enunina Nina Mangio has vowed to advocate business inclusivity and actively collaborate with the government to ensure that no micro, small and medium enterprises (MSMEs) would be left behind. ....

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Controlling the Bomb: International Constraints on Nuclear WeaponsAre Not Enough

Could the Persian Gulf war have gone nuclear? The suggestion is not so farfetched. ....

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CNN CNN Newsroom June 4, 2024 18:04:00

That for many months down the line. so the question is, which do they start slowing? and presumably we ll hear the chairman asked about it soon and how go they convince slowing does not mean a 50 base-point hike, for example, does not necessarily mean they have taken the eye off the ball. justin, you are hear. the economists are suggesting the same, including some members of the federal reserve s own board, number two, lael brainard said there maybe time to take a pause. other chairmen and board governors have suggested the same, it s important not to over-correct. what are your views here? i think it s important to put it in a broader, historical ....

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