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Has the Fed won the battle against inflation?
Has the Fed won the battle against inflation?
Economy
by  AFP

The US Federal Reserve's decision to hold its key lending rate on Wednesday and pencil in three interest rate cuts next year has fueled optimism that its inflation battle is won. On Wednesday, the Fed voted to hold interest rates steady for a third straight meeting, and predicted 0.75 percent points of interest rate cuts in the year ahead.

Historic Vatican fraud trial to deliver its verdict
Historic Vatican fraud trial to deliver its verdict
Economy
by  AFP

A Vatican court delivers its verdict on Saturday in a historic trial focused on an opaque London property deal, with a once-powerful cardinal among 10 defendants facing jail for alleged financial crimes. Just weeks before the trial, Francis gave the Vatican's civilian courts the power to try cardinals and bishops, where previously they were judged by a court presided over by cardinals.