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Federal Reserve officials hint rate increase may be necessary

Multiple Federal Reserve officials indicated the central bank may need to raise interest rates later this year, according to newly-released minutes of the Fed’s July meeting. While most participants at the joint meeting of the Federal Open Market Committee (FOMC) and the Fed’s Board of Governors "anticipated that inflation would step down over the rest...

Federal Reserve officials hint rate increase may be necessary

We haven't written up this one. The Hill has the full story — the link below goes straight to it.

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US national debt exceeds US$40 trillion

The US gross national debt has surged past US$40 trillion, US government data showed on Wednesday, outstripping earlier forecasts at a pace fuelled in part by US President Donald Trump's invalidated…

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