High energy prices risk keeping inflation above 2% target, concerning Fed policymakers
Fed minutes reveal policymakers worried about energy prices and tariffs driving inflation higher when they held interest rates steady in April.
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Federal budget deficit projected to hit $2 trillion this fiscal year, ranking among largest in US history
The U.S. is projected to run a budget deficit of at least $2 trillion in fiscal year 2026, according to Treasury Department and bond market estimates.
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Standard Chartered CEO walks back comments about replacing 'lower-value human capital' with AI
Standard Chartered CEO Bill Winters walked back remarks about cutting thousands of jobs to replace workers with AI, calling his comments out of context.
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