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Fed Poised for Rate Cut, Signals Limited Easing Ahead

                                                          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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Cargo Ship Struck by Missile off Yemen’s Aden Coast

 

On Sunday, the British security firm Ambrey reported that an Antigua and Barbuda-flagged general cargo ship was hit by a missile 83 nautical miles southeast of Yemen’s Aden. The ship caught fire but was eventually contained. No injuries were reported.

The Houthi militia, aligned with Iran and controlling significant parts of Yemen, has been targeting ships off its coast in solidarity with Palestinians fighting Israel in Gaza. These attacks have disrupted maritime trade routes, forcing ships to take longer and costlier journeys around southern Africa.


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