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Fed Holds Steady on Interest Rates Amid Economic Uncertainty

The Federal Reserve has decided to keep its key interest rate unchanged, signaling concerns over rising inflation and potential increases in unemployment. This marks the third consecutive meeting where the central bank has opted to maintain the rate at 4.3% , despite growing pressure from the White House to lower borrowing costs. The Fed's decision comes amid heightened uncertainty surrounding the impact of sweeping tariffs  imposed by President Donald Trump. Economists warn that these tariffs could simultaneously drive up consumer prices while forcing businesses to cut jobs, creating a challenging economic environment. Historically, the Fed has adjusted rates to either curb inflation or stimulate employment, but the current situation presents a rare dilemma where both risks are rising simultaneously. Federal Reserve Chair Jerome Powell  emphasized the need for patience, stating that the central bank is closely monitoring economic indicators before making any adjustments. Whil...
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Hurricane Helene Devastates Southeastern U.S., Leaving 64 Dead and Millions Without Power

 

Hurricane Helene has left a trail of destruction across the southeastern United States, resulting in at least 64 fatalities and leaving millions without power. The storm made landfall as a Category 4 hurricane, bringing with it devastating flooding and high-speed winds that have wreaked havoc from Florida to the Carolinas.

In Florida’s Big Bend region, where Helene first struck, residents woke up to extensive damage. Floodwaters reached over 15 feet in some areas, and numerous homes were destroyed. The storm’s impact was felt deeply in Georgia as well, where at least 15 people lost their lives, including a first responder.

As rescue operations continue, the full extent of the damage is becoming clear. Communities are grappling with the aftermath, facing a long and challenging recovery process. The power outages have compounded the difficulties, leaving millions without electricity and complicating rescue and relief efforts.

Authorities are urging residents to stay safe and heed evacuation orders as they work to restore power and provide aid to those affected. The path to recovery will be long, but communities are coming together to support one another in this time of crisis.


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