The Reserve Bank of Australia cut benchmark interest rates for the first time in over four years, reducing rates by 25 basis points to 4.10% due to softening inflation, marking its first easing since November 2020. Despite progress on inflation, the RBA remains cautious about further easing and has been behind other major global central banks in starting an easing cycle, with the decision aligning with market expectations and government bonds rallying in anticipation of the cut. Unemployment near a historic low and uncertainties in economic activity and inflation pose challenges, with the Australian dollar strengthening and the ASX 200 index extending losses in response.
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Map shows where northern lights will be visible tonight in the US
The northern lights, or aurora borealis, are expected to be visible in several US states, particularly on the night of June 2, with Alaska, Michigan, Minnesota, Montana, North Dakota, and Wisconsin having the highest chances of sightings, as reported by NOAA. This phenomenon occurs due to charged particles from the sun interacting with Earth's gases, producing colorful displays in the night sky. While visibility is likely to extend into the following night, optimal viewing conditions...
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