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Senior US Fed official backs 'careful' approach to rate cuts
Senior US Fed official backs 'careful' approach to rate cuts
by  AFP

The US Federal Reserve should be careful about the timing of interest rate cuts, a senior bank official said Wednesday, adding to the cautious tone taken by central bank officials in recent months about moving too quickly. On Wednesday, the Fed's vice chair for supervision, Michael Barr, told a conference in Washington that policymakers were cautious about moving too soon.

Argentina's annual inflation soars above 250% in January
Argentina's annual inflation soars above 250% in January
by  AFP

Argentina's monthly inflation slowed slightly in January, but the prices of key goods and services rose 254 percent year-on-year, the statistics agency said Wednesday. Monthly inflation stood at 20.6 percent in January, the INDEC statistics agency said, down from the 25.5 percent figure for December.

More hunger, less money: Argentine soup kitchens count rations
More hunger, less money: Argentine soup kitchens count rations
by  AFP

In an Argentine soup kitchen, empty plastic containers are piling up from hungry visitors, and the cooks are worried their limited supply of pasta will not be enough to fill them. She points to empty crates normally filled with fruit and vegetables.

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