The Federal Reserve is meeting for the first time in President Trump’s second term, with Trump pushing for lower interest rates, though market indicators suggest rates will remain steady at 4.25%-4.5%. Despite White House pressure, the Fed is likely to stay on hold until June as officials assess the impact of Trump’s proposed policies on inflation and the economy, with former Dallas Fed President Robert Kaplan advocating for a pause in rate changes to allow for stability amidst ongoing structural changes.
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Sinkhole in Japan widens as rescuers try to save truck driver
Rescue workers in Japan are attempting to save a trapped truck driver from a widening sinkhole in Yashio city, Saitama prefecture, caused by a ruptured sewage pipe. The 10m-wide crater has doubled in size, swallowing a truck and prompting evacuations of 200 households amid fears of a gas leak. Sinkholes are becoming more common in Japan due to aging infrastructure, with previous incidents in Fukuoka and Kuala Lumpur highlighting the risks they pose to residents...
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