The Federal Reserve decided to keep benchmark interest rates steady but hinted at potential cuts later in the year due to concerns over the impact of tariffs on the economy. The Federal Open Market Committee maintained the key borrowing rate at 4.25%-4.5% and updated their rate and economic projections, while also adjusting the pace of reducing bond holdings in response to ongoing economic challenges. Markets had not anticipated any rate changes at this week’s policy meeting, signaling a cautious approach by the Fed.
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Hundreds march in London against UK recognising a Palestinian state
Several hundred people marched in London demanding the release of Israeli hostages held by Hamas and protesting Britain's recognition of a Palestinian state. The demonstration, which concluded at 10 Downing Street, featured relatives of hostages and highlighted the ongoing humanitarian crisis in Gaza amid escalating violence and international criticism of Israel's military actions. Want More Context? 🔎
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