Federal Reserve Chair Jerome Powell announced during a press conference in Washington, U.S. that the Fed had cut interest rates by a quarter point after a two-day meeting of the Federal Open Market Committee on interest rate policy on Dec. 18, 2024. The decision to lower rates was made in response to economic conditions and aimed to support growth and stability in the country. The move was part of the Fed’s ongoing efforts to manage monetary policy and ensure a balanced economic environment.
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Russia condemns Israel’s plan to expand Gaza operation
Russia's Foreign Ministry has condemned Israel's plan to expand its military operations in the Gaza Strip, warning that such actions could worsen the already dire humanitarian situation in the region. The ministry's statement emphasizes the risk of escalating tensions and highlights the potential for a humanitarian catastrophe in the Palestinian enclave. Want More Context? 🔎
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