Economic News
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America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year
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Bolivia approves $1.9 billion IMF deal, eliminates diesel subsidies
Bolivia’s conservative government has won congressional backing for an international loan and moved to end diesel subsidies, risking political backlash
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Oil prices are high but could be much worse. Trump has China's Xi to thank for that
President Donald Trump’s conflict with Iran has not led to the doomsday oil price spike many feared at the start of the war
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Trump signs sweeping Russia sanctions bill, aiming to choke off funds for Moscow in Ukraine war
President Donald Trump has signed a major sanctions package targeting Russian officials and key sectors of its economy
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Carney says Canada is ‘strong’ as US borrowing costs rise and Europe ties deepen
Canadian Prime Minister Mark Carney has returned from Europe and cast Canada as moving quickly beyond its historic reliance on the United States
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Kauai small businesses ask tourists to return after Hurricane Lowell, with aloha and some patience
In the days after Hurricane Lowell, officials asked tourists to stay away from Kauai to let island residents recover and responders clean up
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EU chief floats 'associate membership' for Canada. But that doesn't exist yet
European Commission President Ursula von der Leyen has proposed making Canada the first "associate member" of the European Union
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Japan's central bank raises benchmark interest rate to 1.25%, the highest in 31 years
Japan’s central bank has raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high
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Carney embraces EU associate membership proposal as Trump pushes Canada closer to Europe
Canadian Prime Minister Mark Carney has embraced the prospect of his country becoming the European Union’s first associate member
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US stocks rally to their best day in 6 weeks after oil prices and bond yields ease
The U.S. stock market rallied to its best day in six weeks after oil prices fell and pressure from the bond market eased
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