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News Wrap: Fed indicates robust economy, inflation could drive more rate hikes

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In our news wrap Tuesday, Federal Reserve chair Jerome Powell said high inflation and a robust economy may mean more interest rate hikes, Mexican officials confirmed two kidnapped Americans have been found dead, President Biden proposed raising taxes on those making more than $400,000, Israeli troops killed six Palestinians in the occupied West Bank, and workers in France staged a massive strike.

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Category
U.S. & Canada
Tags
federal interest rates, federal reserve, inflation
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