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U.S. Fed raises rates by 50 basis points

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The U.S. Federal Reserve has raised interest rates by half a percentage point, and projected more rises to come in 2023, to rein in inflation.

 
The U.S. Federal Reserve has raised interest rates by half a percentage point, and projected more rises to come in 2023, to rein in inflation.

Policymakers are starting to move more cautiously, following signs that the most severe inflation in decades may be starting to ease.

The Federal Reserve has raised interest rates at an historically rapid pace this year, responding to inflation that is running at a 40-year high.

“It is likely that restoring price stability will require holding [interest rates] at a restrictive level for some time,” Powell said at a press conference. “History cautions strongly against prematurely loosening policy.”

“Despite some promising developments, we have a long way to go in restoring price stability.”

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Trump promises to put Elon Musk in charge of a new government commission

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Donald Trump promises to make Elon Musk the head of a new commission to slash government waste if he wins.

Critics fear this could mean mass federal layoffs but Trump says things have to change.

The Former President has announced his plan to appoint Musk to lead a government efficiency commission if he wins the upcoming presidential election.

The commission’s goal would be to reduce fraud and improper payments across federal agencies. #featured #trending

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Experts reveal that business success starts with mastering sales

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At the heart of any thriving enterprise, the ability to sell effectively fuels growth and sustainability.

Sales are the driving force behind revenue generation, and mastering this skill is crucial to transforming any business.

To truly unlock the potential of any business, entrepreneurs must embrace the art of selling—both their products and themselves—to stand out in today’s competitive landscape.

Adam McCaughey, Founder, CEO and Sales Mastermind joins to shares his extraordinary journey and the key skills he discovered to mastering sales. #featured

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Russian President Putin allegedly sides with Harris, slashes Trump

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Russian President Vladimir Putin caused a stir by suggesting that Russia supports Vice President Kamala Harris, citing her “infectious” laughter as a reason for the endorsement.

During a speech in Vladivostok, Putin also criticised Donald Trump for imposing the harshest sanctions ever against Russia while in office.

Putin’s remarks come as the Biden administration launches new sanctions to fight Russian-backed election disinformation, aimed at boosting Trump’s candidacy. #featured #trending

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