The Reserve Bank of Australia maintained its benchmark policy rate at 4.1% despite lower-than-expected inflation, aiming for sustainable progress towards the target range of 2%-3%. RBA expressed caution due to global uncertainties like U.S. tariff announcements and emphasized the need for a gradual approach to monetary policy to achieve inflation targets. Australia’s GDP grew at 1.3% year on year in Q4 2024, with RBA Governor Michelle Bullock stressing the importance of sustained inflation within the target range.
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FDA Approves New Generic Abortion Pill
Federal officials have approved a second generic version of the abortion pill mifepristone, produced by Evita Solutions, sparking backlash from anti-abortion groups and politicians. Critics, including Republican Sen. Josh Hawley, argue the decision is reckless, while the FDA states it is legally bound to approve identical generic drugs, despite ongoing reviews of mifepristone's safety. Want More Context? 🔎
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