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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell is defending the ultra-low interest rate policies he has pursued since the pandemic decimated the economy more than 18 months ago. He acknowledges, however, that inflation has stayed higher for longer than he expected. At a panel sponsored by the European Central Bank on Wednesday Powell said

CHESAPEAKE, Va. (AP) — Dollar Tree, the national chain of stores that promises everything for a buck, will begin introducing items on its shelves that will exceed $1. The company said this week that it’s responding to customer requests and said pushing the $1 barrier will allow for a better mix of products. However, the

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is preparing to tell Congress that the current spike in U.S. inflation has proven to be larger and more long-lasting than expected. But he is due to say that if inflation does not abate, the Fed is ready to use its tools to lower the pressure on

LONDON (AP) — The Bank of England kept its main interest rate at the record low of 0.1% but warned that inflation is set to be double its target rate by the end of this year largely as a result of a sharp spike in energy prices. The decision Thursday from the central bank’s nine-member

WASHINGTON (AP) — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, the first step toward unwinding the extraordinary support it’s given the economy since the pandemic struck 18 months ago. Many economists think the Fed will formally

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RIO DE JANEIRO (AP) — A project to give children in poor neighborhoods a shot at going to the movies has resumed in Rio de Janeiro now that the pace of new cases and deaths from COVID-19 has ebbed. Some 200 children in the Vila Cruzeiro favela lined up to catch a free movie screening

BEIJING (AP) — Asian stock markets are mixed as investors wait for an update on U.S. inflation that has been stronger than expected. Shanghai and Hong Kong advanced, while Tokyo and Seoul retreated. Wall Street’s benchmark S&P 500 index closed higher, snapping a five-day losing streak. Investors were watching for August inflation data due out