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The Federal Reserve raised interest rates by a quarter point on Wednesday. Federal Reserve Chair Jerome Powell

The Fed lifts rates by a quarter point as banking turmoil complicates inflation fight

By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability. Investors and economists had widely anticipated the quarter-point increase despite the meltdown in the banking sector. Still, Federal Reserve Chairman Jerome Powell and policymakers entered

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The Federal Reserve raised interest rates by a quarter point on Wednesday. Federal Reserve Chair Jerome Powell

The Fed lifts rates by a quarter point as banking turmoil complicates inflation fight

By Nicole Goodkind, CNN The Federal Reserve raised interest rates by a quarter point on Wednesday as it attempts to fight stubbornly high inflation while addressing risks to financial stability. Investors and economists had widely anticipated the quarter-point increase despite the meltdown in the banking sector. Still, Federal Reserve Chairman Jerome Powell and policymakers entered

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DirecTV has reached a deal to end its standoff with Newsmax.

DirecTV and Newsmax end ugly dispute as the satellite carrier strikes deal to resume broadcasting the right-wing channel

By Oliver Darcy, CNN Business DirecTV said Wednesday that it has reached a multi-year distribution agreement with Newsmax, putting to end a bitter carriage dispute that waded into political waters and saw the right-wing channel and satellite carrier savage one another in public. “This resolution with Newsmax, resolving an all-too-common carriage dispute, underscores our dedication

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Norfolk Southern CEO Alan Shaw

Lawmakers and union tell Norfolk Southern CEO that railroads’ voluntary safety plans aren’t enough

By Chris Isidore, CNN Norfolk Southern CEO Alan Shaw returned to Capitol Hill Wednesday facing pressure to support rail safety legislation proposed in the wake of his railroad’s massive toxic spill from a February 3 derailment in East Palestine, Ohio. Although Shaw’s prepared testimony released in advance of the hearing promised to take steps to

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