Federal Reserve Chair Jerome Powell warned of economic risks from a slowing labor market and rising inflation during his speech at the Jackson Hole forum, suggesting potential rate cuts. With job growth falling short and inflation above the 2% target, the Fed faces pressure to adjust its policy, as indicated by a 72% probability of a rate cut at the upcoming September meeting.
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‘Alligator Alcatraz’ may shut down soon. Florida already has a backup plan: ‘Deportation Depot’
A federal judge has halted the operation of the controversial "Alligator Alcatraz" migrant detention facility in Florida, citing concerns over its environmental impact and the treatment of detainees. Governor Ron DeSantis and state officials have vowed to appeal the ruling and continue their immigration policies despite the judge's injunction. Want More Context? 🔎
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