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U.S. inflation slows from a 40-year peak but remains high

Aug 10, 2022
The report raises hopes that the Federal Reserve to raise short-term interest rates by less than had been anticipated when it meets in late September.
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 5, 2022 at Wall Street in New York City.
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U.S. employers add 528,000 jobs in July; unemployment rate falls to 3.5%

Aug 5, 2022
With the jobs gains, the U.S. economy has restored all the jobs lost since the beginning of the COVID pandemic.
"Most people who have the ability to work from home are probably making a little bit more money, whereas the people who were risking their lives and people who are bus drivers or people who are health care workers are really feeling the pinch right now," says Lauren Kaori Gurley of The Washington Post.
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Fed unleashes another three-quarter point interest rate in bid to curb inflation

Jul 27, 2022
Attempting to curb the highest inflation in more than four decades, the Federal Reserve moved to raise its key rate to a range of 2.25% to 2.5%.
With inflation running at 9.1%, the Federal Reserve raise its key interest rate on Wednesday to the highest range since 2018. Above, Fed Chair Jerome Powell testifies before the House Committee on Financial Services in June.
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Supreme Court overturns Roe v. Wade

Jun 24, 2022
The decision will curtail access to abortion for millions and is at odds with popular opinion, as opinion polls find a majority of Americans favored Roe.
On Friday, the Supreme Court overturned Roe v. Wade, the landmark abortion case.
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Biden invokes Defense Production Act to address nationwide formula shortage

May 18, 2022
Supplies of baby formula across the country have been severely curtailed after a February recall exacerbated ongoing supply chain disruptions.
A sign tells customers about purchase limits on baby formula at a Maryland Target on May 16. The ongoing formula shortage follows supply chain issues and a February recall.
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Elon Musk reaches $44 billion buyout deal with Twitter, aims to privatize the company

Apr 25, 2022
Elon Musk said he wanted to own and privatize Twitter because he thinks it’s not living up to its potential as a platform for free speech.
Twitter said the transaction was unanimously approved by its board of directors and is expected to close in 2022.
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