Federal Reserve Chair Jerome Powell stated that strong U.S. economic growth will allow policymakers to be patient in determining the extent and pace of interest rate cuts, emphasizing the need for careful decision-making. Powell highlighted the current strength of the economy, describing it as the best among major economies worldwide, despite some challenges like storm damage and labor strikes affecting October job growth. He mentioned that the labor market remains robust, with the unemployment rate stabilizing at low levels, indicating a positive outlook for future economic conditions.
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South Korea finds Russia supplied anti-air missiles to North Korea in return for its troops
South Korean National Security Director Shin Wonsik revealed that Russia has supplied anti-air missiles and economic aid to North Korea, raising concerns of potential technology transfers. The US and South Korea suspect that North Korea has sent troops to support Russia in its conflict with Ukraine, with the nature of the exchange between the two countries sparking intense scrutiny. Seoul and Washington fear the possibility of sensitive nuclear and missile technology being shared between Russia...
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