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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Four States to Vote on Redistricting Measures Ahead of 2020 Census

DENVER—This year is shaping up to be the busiest on record for redistricting ballot measures across the U.S. Voters in four states will decide whether to adopt new methods for drawing political maps that proponents say would thwart partisan gerrymandering. A major catalyst is the pending 2020 Census, which will be used to redraw U.S.…

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Trump looking at “major tax cut” ahead of midterms

Making an audacious pre-midterm promise, President Trump told reporters in Nevada on Saturday that he is working with Republican congressional leaders on “a very major tax cut for middle-income people,” to be announced in early November or just before. The big picture: Trump has been promising major tax cuts since his presidential campaign. Axios’ Jonathan…

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Axios to debut on HBO ahead of midterms

“Axios,” a four-part series of news specials we’re co-producing with HBO Documentary Films, will debut two days before midterms — Sunday, Nov. 4, at 6:30 p.m. ET/PT — and continue for all four Sundays in November: Directed and produced by Emmy winner Matthew O’Neill (HBO’s “Baghdad ER”) and Perri Peltz (HBO’s “Remembering the Artist Robert…

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Maldives president ‘received $1.5m in hard cash’ ahead of vote

An anti-money laundering body in the Maldives has informed police that President Abdulla Yameen received $1.5m in hard currency days ahead of a contentious presidential election in the Indian Ocean island nation. Yameen, long dogged by allegations of corruption and rights abuses, suffered a decisive defeat in the September 23 vote in an outcome hailed…

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Nuclear energy has a rocky path ahead

Three developments this week together tell a story of the present and future of U.S. nuclear power. Driving the news: A federal appellate court yesterday upheld New York’s zero emissions credits (ZEC) program that subsidizes nuclear plants. Read more toggle Show less Go deeper255 Words The unanimous decision in the U.S. Court of Appeals for…

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New poll shows Democrats’ lead expanding ahead of midterms

52% of registered voters would like to see the Democrats control Congress after the November elections, while 40% prefer Republicans, according to a new NBC News/Wall Street Journal poll. Why it matters: This is the biggest lead Democrats have held yet in midterm polling from NBC/WSJ, and it’s bolstered by figures that show more Democrats…

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Maldives police raid resort, remove ‘idols’ ahead of heated polls

Male, Maldives – Guests on a five-star honeymoon resort in the Maldives caught a rare glimpse of the decades-long political and religious tensions rocking this island nation when policemen – armed with axes, concrete saws and ropes – stormed the Fairmont Maldives to destroy model human figures that had been deemed un-Islamic. The unprecedented raid…

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BMW Morphs Electric Flagship From Car to SUV Ahead of 2021 Debut

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Brazil faces month of political chaos ahead of presidential election

Brazil’s presidential race remains wide open, leaving the future of the world’s fifth-most populous country and eighth-largest economy mired in uncertainty. It is unlikely any candidate will win a majority in the first round of voting on October 7, which would trigger a runoff on October 26. The big picture: Anxieties over endemic crime and…

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