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Officials have slowed the pace of increases this year but aren’t sure they have fully tackled inflation. Officials have slowed the pace of increases this year but aren’t sure they have fully tackled inflation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are…

WASHINGTON (AP) — Even after inflation has steadily eased this year, the Federal Reserve’s policymakers still think prices are rising too fast and are almost certain to lift their key interest rate by a quarter-point on Wednesday. A rate increase, the 11th in 17 months, would raise the Fed’s short-term rate to roughly 5.3%, the highest level since 2001. As with its previous rate hikes, Wednesday’s increase would likely further elevate the costs of mortgages, auto loans, credit cards and business borrowing. Another hike is…

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The decision to raise the policy rate to 4.75% from 4.50% was fueled by stronger-than-expected consumer spending and concerns over elevated inflation. The decision to raise the policy rate to 4.75% from 4.50% was fueled by stronger-than-expected consumer spending and concerns over elevated inflation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

Rolling Stone has a new feature on Pras, who faces up to 22 years in prison on a slew of charges, including his alleged involvement in a money laundering scheme and association with a foreign country attempting to influence the U.S. government. Pras allegedly donated a total of $1.1 million to Barack Obama’s 2016 campaign, which appeared as several donations from different people. He was hit with campaign finance charges because the money was allegedly supplied by Jho Low, the alleged mastermind behind the 1Malaysia…

Ghana’s consumer inflation rose to 54.1 per cent year-on-year in December, up from 50.3 per cent the previous month, the country’s statistics office said Wednesday. Representing the highest level in 22 years, the surging inflation rate is driven by skyrocketed prices of fuel, utilities and food. December’s inflation reading in the West African country is the highest since April 2001, when it was at 59.7 per cent. The statistics office said prices rose the most in the category of housing, water, electricity, gas…

Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.After a strange rebound the week before, applications to refinance a home loan declined 11% for the week and were 84% lower than the same week one year ago. They are…

Luxury shoemaker Manolo Blahnik said it won a long-running legal dispute over the use of its trademark in China, enabling it to start selling its stiletto heels and other luxury footwear in the country for the first time. The brand hasn’t operated in China since 1999, when a local businessman trademarked the Manolo Blahnik name, excluding the company from a boom that has turned China into a top market for luxury goods over the past two decades. The brand entered American…