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Economic News

Foreign Automakers: No Trade Deal, No Cheap Cars for US

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29 April 2026
Foreign automakers have warned the Trump administration they may pull some of the cheapest car models from the U.S. market if the United States-Mexico-Canada Agreement is not renewed or is weakened, according to people familiar with the discussions.
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Powell's Tenure as Fed Chief, Bookended by Trump, Draws to a Close

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29 April 2026
On a chilly spring day in 2017, Jerome Powell made a six-hour round trip by car through heavy mountain fog from Washington to West Virginia University for an evening talk with students about Federal Reserve history and the political balance of its structure, topics that...
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Fed Holds Rates at 3.6% Even as 4 Officials Dissent

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29 April 2026
The Federal Reserve left its benchmark interest rate unchanged for the third straight meeting but signaled it could still cut rates in the coming months, moves that attracted the most dissents since October 1992.
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Powell to Remain on Board After Fed Chair Term Ends

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29 April 2026
Powell said he will remain on the Fed's board after his term as chair ends for an unspecified period.
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These charts show how Iran's economy is in freefall

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29 April 2026
Tehran's hardline rhetoric belies a brutal reality facing the regime and Iranian citizens: its economy, vulnerable even before the war, is now in tatters.
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Will he stay or will he go? With criminal probe over, Fed Chair Powell faces big decision

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29 April 2026
The decision could have important ramifications for policymaking at an especially delicate time.
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  1. Will rates go higher in Europe this week? Central banks confront stagflation threat
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