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    PHIL JACKSON

    Fed builds credibility, but hawkish turn leaves investors edgy

    In a significant move, the Federal Reserve has raised interest rates for the first time since 2023, marking a shift towards a hawkish stance on inflation management. This unanimous choice has led investors to brace for more potential rate increases, generating ripple effects across asset markets. Following a surge, bond yields have retracted. Yet, the future trajectory of the Fed's monetary policy remains uncertain.

    Jeff Bezos, world's third richest man, received $244,000 jet tax bill as LA County used a secret tracking system to catch wealthy aircraft owners

    Amazon founder Jeff Bezos, who sits on a fortune of $263 billion as the third-richest man on the planet, was served notice by the Los Angeles County for about $244,000 in overdue taxes and fees tied to his luxury jet. The development comes as Los Angeles County is stepping up efforts to recoup overdue taxes from wealthy jet owners. The LA County officials used a secret tracking system to obtain detailed aircraft location data.

    Investors heartened by Warsh inflation talk, still uncertain about Fed action

    Federal Reserve Chair Kevin Warsh made it clear that inflation control is a top priority. He suggested that to combat escalating price pressures, interest rate hikes may soon be necessary. This announcement sent the markets into a hawkish frenzy, heightening expectations for a rate increase come September. Investors remain cautious, eagerly anticipating key economic data on jobs and inflation for guidance on potential Fed actions.

    Mr. and Ms. Olympia 2023: Dates, time, live stream, contenders and more

    The Mr. Olympia pre-judging will take place on Friday evening, featuring the highly anticipated Ms. Olympia finals. The prestigious Mr. Olympia event, which dates back to 1965, will culminate on Saturday evening. This year, the annual competition will be held in Orlando,Florida

    Fire on cargo ship in Port Newark, 2 firefighters killed

    Two firefighters were killed on a cargo ship in Port Newark when they were trapped inside it.

    Where have all the Grammys gone?

    Unlike Hollywood, the Western pop music industry is less globalised than before

    The Economic Times
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