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Farmers Bring Their Demands to Athens as Costs Surge

Greek farmers with their tractors rally in front of the Greek parliament, over unsolved issues after weeks of blockades. Greek farmers converged on Athens in a powerful display of frustration over rising production costs that they say are pushing them to the brink. Driving tractors, carrying banners, and gathering in Syntagma Square, they demanded stronger government support to keep their farms viable. The protesters argue that soaring fuel prices, higher electricity bills, and increased costs for animal feed and fertilizers have made it nearly impossible to sustain their livelihoods. Many also want long‑term structural reforms, including better access to water resources and more predictable subsidies. Government officials have acknowledged the pressure on the agricultural sector and signaled willingness to negotiate, but farmers insist that previous promises have not been enough. Their message in the capital was clear: without meaningful relief, Greece risks losing a vital part of ...
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Wall Street’s Steady Stance Amidst Economic Uncertainty

 

In the wake of last week’s tumultuous market movements, Wall Street exhibited a remarkable calm on Monday. Despite the S&P 500’s recent proximity to record highs, it remained virtually unchanged in early trading. Similarly, the Dow Jones Industrial Average saw a modest increase of 51 points, or 0.1%, and the Nasdaq composite was also steady.

Investors’ attention is largely fixated on interest rates and the Federal Reserve’s potential actions to alleviate economic pressures. With persistent inflation and a resilient economy, expectations for rate reductions have been postponed. The upcoming week is critical, with several key reports due, including updates on consumer inflation and wholesale-level inflation.

Fed Chair Jerome Powell has indicated the possibility of rate cuts this year, contingent upon further evidence of inflation moving towards the 2% target. However, the Fed’s current high interest rates, a strategy to curb inflation, carry the risk of triggering a recession.

Amid these concerns, some Fed officials have suggested that rates may remain elevated if inflation does not subside. Consequently, traders have tempered their expectations for rate cuts, with predictions now ranging from two cuts this year, down from an earlier anticipation of three or more.

As the nation approaches the presidential election in November, the timing of rate adjustments is crucial. The Fed, while independent, must avoid the appearance of political bias in its decisions. The market remains uncertain, with a 50% chance of a rate cut by June, reflecting the delicate balance the Fed must strike in its economic stewardship.

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