In February, The Federal Reserve’s core personal consumption expenditures price index rose by 0.4%, the largest increase since January 2024, putting the 12-month inflation rate at 2.8%, above economists’ expectations. Additionally, consumer spending increased by 0.4%, lower than projected, with personal income rising by 0.8%. These numbers had a brief negative impact on stock market futures and Treasury yields, as uncertainty surrounding tariffs and inflation persists.
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Three alleged human smugglers arrested in Quebec, 44 asylum seekers detained
Three alleged human smugglers were arrested alongside 44 foreign nationals attempting to illegally cross into Canada from the U.S. during the August long weekend; the group was detained near Stanstead, Quebec. The asylum seekers, including a child and a pregnant woman, were assessed for eligibility to claim asylum, with many transferred to a CBSA processing facility amid a significant increase in border crossings. Want More Context? 🔎
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