Kansas City Federal Reserve President Jeff Schmid Friday said he believes that the advent of artificial intelligence is leading some businesses to pause hiring even as an aging population is creating real structural change in the labor market.
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US Permits India to Buy Russian Oil for a Month
The U.S. Treasury Department's decision to allow India to buy Russian oil for 30 days underscores a boost for Moscow's fortunes against the backdrop of the Iran war as Russia's oil exports help Kremlin pay for its own war on Ukraine.
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US Allows Limited Venezuelan Gold Imports
The U.S. government announced it is allowing certain American companies to buy and process gold from Venezuela under a new license issued Friday, easing some sanctions while keeping tight restrictions on how the trade can occur.
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Trump's Iran Peace Dividend: Opening a New Era of Trade, Stability & Prosperity
For nearly half a century, the United States and Iran have existed in a cycle of confrontation that began with the 1979 Iranian Revolution and the hostage crisis during the presidency of Jimmy Carter.
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Fed's Daly: Weak Jobs Report Complicates Rates
San Francisco Federal Reserve President Mary Daly said Friday that a disappointing February jobs report is adding uncertainty to the central bank's interest-rate outlook as policymakers weigh signs of a cooling labor market against inflation that remains above target, CNBC...
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Fed Rate Cut Bets Rise After Weak Jobs Data
New signs of labor weakness and oil-driven inflation concerns may saddle U.S. Federal Reserve officials with a choice they'd hoped to avoid between ensuring prices remain contained or keeping a possibly wobbly job market on track.
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