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US Fed official says open to 'summer time' interest rate cut
US Fed official says open to 'summer time' interest rate cut
Economy
by  AFP

The speed at which US inflation is easing means it will likely be appropriate for the Federal Reserve to start cutting interest rates over the summer, a senior Fed official said Thursday. Bostic's summer time cut prediction appears to chime with the current views in the financial markets about when the Fed could start reducing rates.

US probes security risks posed by Chinese tech in cars
US probes security risks posed by Chinese tech in cars
Technology
by  AFP

US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data. "China's policies could flood our market with its vehicles, posing risks to our national security."

US Fed's favored inflation gauge falls, but price pressures remain
US Fed's favored inflation gauge falls, but price pressures remain
Economy
by  AFP

The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month. The closely watched "core inflation" measure, which strips out volatile food and energy costs, also eased, rising by 2.8 percent on an annual basis.