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IMF, World Bank are key counterweights to China: Yellen
IMF, World Bank are key counterweights to China: Yellen
by  AFP

US Treasury Secretary Janet Yellen said Tuesday that international financial institutions like the IMF and World Bank "reflect American values" and serve as key counterweights to "unsustainable lending from others like China."

Fed starts interest rate meeting as inflation continues to cool
Fed starts interest rate meeting as inflation continues to cool
by  AFP

The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes. The Fed has raised its benchmark lending rate by five percentage points to between 5.00 and 5.25 percent since March last year.

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