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Month: July 2024

Fed Chair Jerome Powell: US inflation is slowing again, though it isn’t yet time to cut rates

AP Economics Writer WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start of 2024, Powell

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Supreme Court to review FDA’s power to regulate e-cigarettes and hear First Amendment case on age limits for porn sites

By John Fritze, CNN (CNN) — The Supreme Court agreed Tuesday to review the US Food and Drug Administration’s strict regulations for e-cigarettes, a multibillion-dollar industry that has come under scrutiny for its popularity among young people. The court’s decision means the justices will once again be tasked with assessing the federal agency’s decisions and

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Judge partially terminates agreement governing conditions for migrant children in US custody

By Rosa Flores, CNN (CNN) — A federal judge has partially terminated a decades-old agreement that oversees conditions for migrant children in federal government custody, according to a court order that took effect Monday. US District Judge Dolly M. Gee’s ruling terminates, with exceptions, the 1997 Flores Settlement agreement – which has set the national standards

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