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The Fed Decides Wednesday — Here's What It Means for Your Mortgage, the Loonie, and Your RRSP

  Monday, July 27, 2026 The U.S. Federal Reserve hands down its rate decision at 2 p.m. ET on July 29. For most Canadians it will feel like background noise. It isn't — here's the plain-language version of why it touches your mortgage, your cross-border spending, and whatever's sitting in your RRSP. The short version: Markets are pricing roughly a two-in-three chance the Fed holds its rate at 3.50%–3.75% on Wednesday. That's not the story. The story is that this is one of the least certain "sure thing" holds in years — and Chair Kevin Warsh's press conference at 2:30 p.m. ET could matter more than the decision itself. Why this meeting is different The Fed has held its benchmark rate steady at 3.50%–3.75% through every meeting so far in 2026. On paper, Wednesday should be more of the same. Under the hood, it's messier. Persistent inflation, running well above the Fed's 2% target for a fifth straight year, has kept a rate hike on the table. The oil-...

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Redacted Epstein Files Release Triggers Wave of Public and Political Backlash

 


The Department of Justice’s release of thousands of documents connected to the Jeffrey Epstein investigation has ignited widespread criticism, as lawmakers and survivors argue the agency obscured far too much information behind sweeping redactions.

The document dump, required under the Epstein Files Transparency Act, was expected to shed new light on Epstein’s network and the extent of his operations. Instead, many of the files arrived with entire pages blacked out, leaving both Congress and the public frustrated by the lack of meaningful disclosure.

Members of Congress who pushed for the transparency law expressed particular concern that key materials appear to be missing or incomplete. They argue that the DOJ’s approach undermines the intent of the legislation, which was designed to provide a full accounting of how Epstein operated for so long with so little accountability.

The DOJ has defended the redactions as necessary to protect sensitive information, including ongoing investigations and the identities of survivors. Officials have also indicated that more documents will be released over time, though critics say the law required a more comprehensive initial disclosure.

The files that were released include thousands of photographs, investigative notes, and evidence logs spanning decades. Yet the heavy redactions have left many unanswered questions and fueled renewed calls for full transparency.

As lawmakers consider next steps, the controversy highlights the enduring public demand for clarity surrounding one of the most scrutinized criminal cases in recent memory.


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