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US Fed should be patient as rate cuts considered: official
US Fed should be patient as rate cuts considered: official
Economy
by  AFP

The US Federal Reserve should "resist the temptation to act quickly" as it contemplates the right time to begin interest rate cuts, a senior bank official said Friday. "We will need to resist the temptation to act quickly when patience is needed and be prepared to respond agilely as the economy evolves," she added.

London Fashion Week blends tweed and Y2K amid economic gloom
London Fashion Week blends tweed and Y2K amid economic gloom
Economy
by  AFP

From tweed to the iconic low-rise jeans of the early 2000s, London Fashion Week unveiled a spectrum of styles on Friday, kicking off its 40th season which has been dimmed by the UK's gloomy economy. And while it remains less prestigious than Paris or Milan, London Fashion Week is celebrated for being freer, more radical, and less formulaic.