WASHINGTON -- The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 4 to 4.25 percent, the first rate cut since December 2024.
Recent indicators suggest that the growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated, the Federal Open Market Committee (FOMC), the principal monetary policymaking body of the Federal Reserve System, said in a statement after a policy meeting. (US-Fed-Rate Cut)
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GAZA/ISTANBUL -- The number of Palestinians killed by the Israeli army in the Gaza Strip since Oct. 7, 2023, has surpassed 65,000, Gaza-based health authorities reported Wednesday.
Over the past 24 hours, 98 bodies and 385 wounded were brought to hospitals in Gaza, they said, adding that seven aid workers were killed and 87 others injured in the same period. (Gaza-Israel-Death Toll)
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UNITED NATIONS -- Nearly 48,000 Palestinians have fled southward in the last two days from the Israeli military's ground offensive in Gaza City, UN humanitarians said on Tuesday.
The UN Office for the Coordination of Humanitarian Affairs (OCHA) said that between mid-August and Monday, its partners observed more than 190,000 such movements, with many people traveling on foot due to the extremely high cost of transport. (UN-Gaza-Displacement)
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LOS ANGELES -- Tyler Robinson, the suspect accused of assassinating U.S. political activist Charlie Kirk, has been formally charged with aggravated murder, authorities in the U.S. state of Utah announced Tuesday.
Robinson also faces multiple charges, including obstruction of justice, felony discharge of a firearm causing serious bodily injury, witness tampering, and commission of a violent offense in the presence of a child, Utah County Attorney Jeff Gray told a press conference. (US-Kirk-Suspect) Enditem
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