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US Fed expected to pause again as inflation edges closer to target
US Fed expected to pause again as inflation edges closer to target
Economy
by  AFP

The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation. Daco from EY said the Fed is fighting a "battle for optionality" in which policymakers continue to insist that another interest rate hike could happen, "if deemed necessary."

Sour grapes: Japan battles to protect premium fruits
Sour grapes: Japan battles to protect premium fruits
Economy
by  AFP

The variety of juicy grape that Yuki Nakamura is harvesting as the sun rises over his farm took scientists 33 years to develop and can sell for $100 a bunch in Tokyo department stores. Takehiko Shimada, head of NARO's fruit variety research unit, said it takes years of painstaking work to develop a new variety fit to hit stores.