NEW YORK -- The U.S. Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, though it faces stark pressure and harsh criticism from the Trump administration.
"Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated," said a statement by the Federal Open Market Committee. (U.S.-Fed-Interest Rate)
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VLADIVOSTOK -- Russian authorities have lifted the tsunami warning for the Kamchatka Peninsula after an 8.8-magnitude earthquake struck offshore Wednesday, the region's Emergency Situations Minister Sergei Lebedev announced on social media.
According to the Kamchatka branch of the Russian Academy of Sciences' Unified Geophysical Service, the earthquake, the strongest in the region since 1952, occurred in the Avacha Bay area of the peninsula. In response, local authorities issued a tsunami alert for coastal areas along the bay. (Russia-Tsunami Alert)
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WASHINGTON -- U.S. President Donald Trump said on Wednesday that India's exports to the United States will face a 25 percent tariff starting August 1, according to a post on Truth Social. (U.S.-India-Tariff)
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LUANDA -- Angolan Interior Minister Manuel Homem confirmed on Wednesday that the death toll has risen to 22 after a protest over fuel prices broke out on Monday in Luanda Province.
According to Homem, the chaos has since spread to other provinces, such as Huambo, Benguela, and Huila. Additionally, 197 people were injured, 66 shops were damaged, and 1,214 individuals were arrested for vandalism and looting. (Angola-Unrest-Death) Enditem
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