Fed Holds Rates Steady, Signals More Rate Increases Ahead

WASHINGTON—The Federal Reserve held short-term interest rates steady Thursday and offered a mostly upbeat assessment of the U.S. economy, suggesting another rate increase is likely by year-end. The Fed repeatedly emphasized the economy’s strength in a statement released after its two-day policy meeting. It offered nothing to dispel market expectations that it would deliver its…

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Wilbur Ross says Americans won’t notice price increases from tariffs

Commerce Secretary Wilbur Ross said on CNBC Tuesday that Americans won’t notice price increases stemming from new tariffs on $200 billion worth of Chinese goods because they’ll be “spread over thousands and thousands of products.” The big picture: The new tariffs, which will start out at a rate of 10% and could increase to 25%…

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Trump says NATO members have agreed to spending increases

US President Donald Trump says he is “very, very happy” because NATO members have pledged to increase defence spending to levels “never seen before”, despite denials from allies such as France that additional pledges were made beyond previous targets.   In a news conference after a NATO summit in Brussels on Thursday, Trump said NATO…

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Zinke backs off plan to impose steep national park fee increases

President Trump has made “no final decision” on military action in Syria after meeting with his national security team this afternoon, the White House says. Why it matters: U.S. allies and adversaries alike are waiting for a signal from Trump, who yesterday warned that missiles “will be coming” but has avoided making similar statements today.…

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