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Economy
Fed hikes rates for the first time since 2023 in unanimous vote
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.
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Business
Trump concedes on ethics rules as major US crypto bill nears vote
US President Donald Trump has accepted ethics restrictions he had long resisted, removing the final obstacle to the CLARITY Act, the most significant crypto legislation ever attempted in the US, which now faces a decisive Senate vote on Tuesday.
Europe News
Trump says Ukrainian attacks on Russian energy are spiking prices
US President Donald Trump says Ukraine should stop striking Russian diesel supplies as the impact is harming the global economy. Trump's comments come as he continued his two-day visit to Ireland which blend a bit of high-level meetings with personal leisure.
Europe News
NATO's deterrence 'weakened' by lack of response to Russian attacks
Experts and diplomats tell Euronews that Europe’s failure to appropriately respond to escalating Russia aggression across NATO territory is chipping away at the alliance’s deterrence ability – and feeding the Kremlin’s appetite for risk.
Economy
US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.
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