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                                                          US Federal Reserve Chair Jerome Powell The Federal Reserve is widely expected to cut interest rates at its upcoming meeting, marking a shift in monetary policy aimed at supporting economic growth amid cooling inflation and slowing demand. While markets have anticipated a series of reductions, policymakers appear cautious, with signals suggesting only one additional cut may be on the horizon for next year. This measured approach reflects the Fed’s balancing act: easing financial conditions to sustain momentum while avoiding overstimulation that could reignite price pressures. Investors are closely watching the central bank’s language for clues on the trajectory of borrowing costs, as households and businesses continue to navigate a delicate economic environment....

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Greek Farmers Drive Tractors to Parliament Demanding Financial Aid

 

 Scores of bright-colored tractors were parked outside Greece’s parliament on Tuesday, horns blaring, as thousands of farmers expressed their frustration over soaring production costs. The Mediterranean country’s cost of living has spiked, leaving farmers struggling to make ends meet.

The slow-moving convoy, consisting of approximately 200 tractors, journeyed from the central Greek town of Kastro, covering 120 kilometers northwest of Athens. Greek flags, black flags, and protest banners adorned the tractors, with one powerful message: “Without us, you don’t eat.”

In a poignant display, some farmers carried mock coffins and funeral garlands, symbolizing the dire situation they face. They parked their tractors in front of the parliament building in the capital, an area typically frequented by tourists observing the changing of the guard ceremony. Amid flares and chants of “Don’t bow your heads,” the farmers made their voices heard.

These Greek farmers, whose demands mirror those of their counterparts across Europe, have spent weeks staging sporadic blockades along highways and in rural towns. Their plight is compounded by the aftermath of major floods that devastated central parts of the country last fall.

Greek Prime Minister Kyriakos Mitsotakis addressed the situation in a television interview, expressing his government’s willingness to continue discussions with the protesters. While he ruled out additional tax breaks and concessions, he emphasized the need for dialogue.

Police were deployed to help divert highway traffic during the protest, as the farmers sought financial relief from the government. As the cost of living continues to rise, their tractors became a powerful symbol of their struggle, reminding everyone that without their hard work, sustenance would be at risk.


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