Policy
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World
Japan Raises Interest Rates for First Time in 17 Years
Higher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank.
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News
Words Over Deeds: Why Biden Isn’t Pressuring Israel
One could be forgiven for thinking that President Biden’s tough words on the Israel-Hamas war in his State of the…
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Business
Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the…
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Business
Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key…
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Business
Fed Minutes Showed Officials Feeling Better About Inflation
Central bankers wanted to signal that interest rates were likely at or near their peak while keeping their options open,…
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US
Pentagon’s New Plans to Reduce Civilian Deaths Leave Questions Over Israel
The document codifies procedures for U.S. combat but does not address operations the United States supports through military aid alone.
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US
Senate Wraps Up Year by Punting the Most Difficult Issues to 2024
But leaders of both parties cited steady progress on a package tying Ukraine military assistance to tougher border policies and…
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Business
Difficult Choices for Some Long-Term Care Policyholders
After a settlement of a lawsuit, Genworth, the biggest holder of the policies, said customers could get reduced benefits or…
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World
European Central Bank Leaves Rates Unchanged as Price Pressures Ease
Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain “subdued” in…
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Business
Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate
Stocks and bonds were buoyed after even inflation-focused Federal Reserve officials suggested that rates may stay steady.