At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
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HOME PRICES CONTINUED RISING IN NOVEMBER
n November, the average selling price of a U.S. home was 3.6 percent higher than in October, according to the S&P CoreLogic Case-Shiller National Home Price Index, due in significant part to a flurry of sales in New York City.
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CONSUMER CONFIDENCE DROOPS AGAIN IN JANUARY
Consumers’ view of the present and future economy fell more than economists expected last month, according to a January survey by the Conference Board (CB).
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U.S. ECONOMY GREW 2.8 PERCENT IN 2024
U.S. GDP expanded by 2.8 percent last year, the Commerce Department reported. The growth was smaller than 2023’s 3.2 percent but compared to much of the world, the U.S. economic growth is doing better than most.
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GAZA CEASEFIRE
The fragile ceasefire between Hamas and Israel remains in place, as tens of thousands of Gazans return to their homes throughout the enclave that have been reduced to rubble.
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READING SKILLS HIT RECORD LOWS IN THE U.S.
New test scores across the U.S. showed a continued decline in reading ability among students in the fourth and eighth grades, raising concerns that the decline that started even before the COVID-19 outbreak shows no sign of slowing.
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TRUMP DOUBLE DOWNS ON MOVING GAZANS TO JORDAN, EGYPT
U.S. President Donald Trump last week doubled down on his plan to force Jordan and Egypt to accept Gazan refugees due to the extensive damage inside the enclave that Israel has bombed to ruins.
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IRAN WARNS ISRAEL, U.S. AGAINST TARGETING ITS NUCLEAR SITES, SAYS IT WOULD LEAD TO ‘ALL-OUT WAR’
A top Iranian said Friday that an attack by Israel or the U.S. on one of its nuclear sites would lead to an “all-out” war and would be “one of the biggest historical mistakes” that Washington could make.
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AS FORECAST: “INTERACTIVE U” IS THE EDUCATION TREND OF THE FUTURE
The popularity of online coursework in Europe has increased over the past year—hitting the highest level recorded.
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TRUMP’S ‘IRON DOME FOR AMERICA’ WOULD BE WINDFALL FOR MILITARY INDUSTRIAL COMPLEX
President Donald Trump said the U.S. needs to have a missile defense system like Israel’s Iron Dome that can protect the mainland from the most advanced missiles and drones, which analysts doubt is possible and warn that it would do nothing but create a new arms race.