Albanese has unveiled a new economic focus for Indigenous affairs policy, aiming to create job opportunities and boost economic development in Indigenous communities. The initiative includes investments in education, training, and infrastructure to support economic growth and prosperity for Indigenous Australians. Albanese’s announcement signals a shift towards addressing economic disparities and promoting self-determination within Indigenous communities.
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US Fed keeps rates unchanged, expects two cuts in 2025
The US Federal Reserve has maintained steady interest rates but indicated potential cuts later this year amid rising inflation from President Trump's tariffs, projecting a 1.4% economic growth and 4.5% unemployment by year-end. While policymakers anticipate a total rate cut of half a percentage point this year, they have moderated future cuts, reflecting uncertainties in the economic outlook and trade policies. Need More Context? 🔎
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