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U.S. Fed Reserve raises interest rates, hikes may be ending

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Jerome Powell has admitted a pause may be coming

Jerome Powell has announced interest rates in the U.S. will be going up by a quarter of a per cent.

The move will see rates move closer to the 4.75-5 per cent range.

The Fed has been raising rates since the middle of last year to try and get inflation down to a controlled level of two per cent.

Meanwhile, during the announcement, Powell acknowledged the central bank’s hikes may be coming to an end.

It follows a turbulent few weeks in the banking sector.

“We have to bring down inflation down to 2%,” he said. “There are real costs to bringing it down to 2% but the costs of failing are much higher.

“My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power, especially for those least able to meet higher costs of essentials.

“We believe however that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses which would in turn affect economic outcomes,” Powell said.

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Boston Dynamics’ electric marvel or robot contortionist?

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Boston Dynamics has recently unveiled its latest creation, the electric Atlas robot, boasting enhanced agility and strength.

However, with its uncanny ability to contort and rise from the ground with an almost eerie grace, one might wonder if we’re witnessing the birth of the world’s first robot contortionist.

As this technological marvel flaunts its capabilities, one can’t help but ponder if we’re on the brink of a future where household chores will be effortlessly handled by robots moving like a fusion of ballet dancers and horror movie monsters.

With its cadaver-like movements and illuminated head, it’s hard not to speculate whether Atlas is destined to revolutionise robotics or simply rehearsing for a techno-horror rendition of The Nutcracker. As Boston Dynamics continues to push the boundaries of robotics, the line between science fiction and reality becomes increasingly blurred.

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The Coffee confusion causing health concerns

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As the morning sun peeks through the curtains, many reach for that familiar brew, kickstarting their day with a comforting cup of coffee.

It’s a ritual ingrained in cultures worldwide, offering a jolt of energy to combat the grogginess of dawn.

But when is the optimal time for that caffeine fix? According to registered dietitian Anthony DiMarino, RD, LD, the answer isn’t crystal clear.

Some experts suggest delaying that first sip until mid-morning or later. However, DiMarino reassures coffee lovers that there’s no one-size-fits-all answer to this dilemma.

Meanwhile, the science behind coffee production unveils fascinating insights into its instant variant. Whether produced through freeze-drying or spray-drying methods, instant coffee offers convenience without sacrificing flavor.

Yet, beyond convenience, recent studies delve deeper into coffee’s impact on our bodies. Research exploring the acute effects of decaffeinated versus caffeinated coffee reveals intriguing findings on reaction time, mood, and skeletal muscle strength.

Moreover, investigations into the gut microbiome shed light on coffee’s influence on liver cirrhosis patients. A study analyzing the duodenal microbiome in this population found correlations between coffee consumption and microbial richness and evenness.

So, as you sip your coffee and ponder the day ahead, consider not just the flavour in your cup but also the subtle impacts it may have on your body and mind.

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Laughing in limbo Canadian Just for Laughs cancelled

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The renowned Montreal-based Just for Laughs comedy festival, one of the world’s largest international comedy events, will not grace the calendar in 2024.

The Canadian company overseeing the festival announced its cancellation this year, citing efforts to steer clear of bankruptcy. Having marked its 40th anniversary in 2023, Just For Laughs has long been a beloved fixture on the city’s cultural landscape.

With its absence raising questions about which event will inherit the title of the biggest comedy festival, speculation arises whether Melbourne will seize the mantle, given its burgeoning comedy scene and the success of its own Melbourne International Comedy Festival.

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