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Year: 2024

Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A top Federal Reserve official said Tuesday that he is increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households. The official, Christopher Waller, an influential member

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Tanzania says Kenyan authorities bow to pressure and will allow Air Tanzania cargo flights

NAIROBI, Kenya (AP) — Kenyan authorities will allow cargo flights from Tanzania after its neighbor threatened to ban Kenya Airways passenger flights to Tanzania’s commercial capital. The Tanzania Civil Aviation Authority says its Kenyan counterpart has given approval to operate cargo flights between the East African countries. Kenya’s foreign affairs minister says the matter is

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Former Arkansas Gov. Asa Hutchinson ends his 2024 campaign after sixth-place finish in Iowa caucuses

By ANDREW DeMILLO Associated Press LITTLE ROCK, Ark. (AP) — Former Arkansas Gov. Asa Hutchinson is dropping out of the race for the Republican presidential nomination after finishing sixth in Iowa’s leadoff caucuses. Hutchinson said Tuesday his poor performance in Iowa showed him he has no path to the GOP nomination. Hutchinson’s exit comes after

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Hutchinson suspends presidential campaign

By Veronica Stracqualursi, CNN Washington (CNN) — Former Arkansas Gov. Asa Hutchinson announced Tuesday he’s ending his presidential campaign following a dismal showing in Monday night’s Iowa caucuses, which were dominated by former President Donald Trump. Hutchinson finished sixth in the caucuses, according to the Iowa GOP, capturing only 191 votes. Since launching his campaign

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Cascade Natural Gas, other utilities asked Wash. customers to curtail use during gas storage plant outage, now resolved

EUGENE, Ore. (KTVZ) — Energy utilities in Washington and Oregon asked their customers to curtail gas and electricity usage on Saturday after the Northwest’s largest storehouse of natural gas shut down amid extreme cold temperatures, KLCC reported. The plant in Washington state is now back online. A spokesperson for Puget Sound Energy, Washington’s largest utility,

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