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Fed expected to skip June interest rate hike but leave door open to later increase
Fed expected to skip June interest rate hike but leave door open to later increase
by  AFP

The Federal Reserve will announce Wednesday if it will press ahead with an 11th straight interest rate hike to tackle high inflation or skip an increase to give policymakers more time to take stock of the US economy. Alongside its interest rate announcement Wednesday, the Fed will also release updated economic forecasts.

EU lawmakers to back world's first AI rules
EU lawmakers to back world's first AI rules
by  AFP

European Parliament lawmakers will vote Wednesday to kickstart talks to approve the world's first sweeping rules on artificial intelligence systems like ChatGPT, aiming to curb potential harms while nurturing innovation. Lawmakers have hailed the draft law as "historic" and pushed back against critics who say the EU's plans could harm rather than encourage innovation.

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