Federal Reserve Chair Jerome Powell reiterated the central bank’s commitment to lowering inflation and indicated a cautious approach to lowering interest rates, citing a strong economy and solid labor market. He emphasized the need to balance policy adjustments to avoid hindering progress on inflation or weakening economic activity. Powell’s remarks came during a Senate Banking Committee appearance, with stocks briefly dipping before stabilizing, with a focus on bank supervision rather than monetary policy.
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Meteorite that ripped through Georgia homeowner’s roof is 20 million years older than Earth, scientist says
A meteorite that struck a home in Georgia on June 26 is estimated to be 4.56 billion years old, predating Earth by about 20 million years. The meteor, which created a loud explosion and left behind fragments, is proposed to be named the McDonough Meteorite, marking it as the 27th meteorite recovered in Georgia. Want More Context? 🔎
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