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Argentine austerity anger mounts, but govt says its working
Argentine austerity anger mounts, but govt says its working
Economy
by  AFP

Argentine trains ground to a halt and hospitals were left running on fumes this week as austerity measures sparked mass walkouts -- even as the country boasted its first budget surplus in 12 years. In January, Argentina reported its first monthly budget surplus in 12 years, while boosting the country's meagre foreign currency reserves from $21 billion to $27 billion.

US Fed official warns of inflationary risk of over-consumption
US Fed official warns of inflationary risk of over-consumption
Economy
by  AFP

A senior Federal Reserve official confirmed Thursday that the US central bank still intends to start cutting interest rates "at some point this year," but warned against the potentially inflationary effect of over-consumption. The number two man at the US central bank said he still expects growth in spending and production in the US to slow in 2024.