Federal Reserve Chair Jerome Powell stated that strong U.S. economic growth will allow policymakers to be patient in determining the extent and pace of interest rate cuts, emphasizing the need for careful decision-making. Powell highlighted the current strength of the economy, describing it as the best among major economies worldwide, despite some challenges like storm damage and labor strikes affecting October job growth. He mentioned that the labor market remains robust, with the unemployment rate stabilizing at low levels, indicating a positive outlook for future economic conditions.
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Tsunami advisory cancelled for B.C. coast after massive earthquake near Russia
A tsunami advisory for British Columbia's coast was cancelled early Wednesday following an 8.8 magnitude earthquake in Russia's Kamchatka peninsula, which prompted earlier warnings for several coastal regions. Observations indicated minor tsunami waves, with maximum heights of 27 cm noted at Winter Harbour and 21 cm at Tofino, while residents were advised to stay away from coastal areas due to strong currents. Want More Context? 🔎
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