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US credit rating downgraded for only second time in history

Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt and a “steady deterioration in standards of governance” over the past two decades.

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Fed unleashes another big rate hike but hints at a pullback

The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

Expect another rise in food prices as Russia-Ukraine war continues

Food prices that are already at their highest point in more than a decade are set to push even higher amid a global shortage of fertilizer that has worsened since Russia invaded Ukraine.

US adds 850K jobs as economy extends its gains

In an encouraging burst of hiring, America’s employers added 850,000 jobs in June, well above the average of the previous three months.

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