Mountain Valley Pipeline can proceed after FERC approval
Regulators cleared the 303 mile Mountain Valley Pipeline to begin service six years after construction began, a $7.85 billion project moving gas from Marcellus and Utica fields to the South and mid-Atlantic. Despite environmental and landowner objections, FERC endorsed in service authorization as Equitrans Midstream prepared to start commercial operations amid prior delays and a May pipeline incident.
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Federal Reserve signals limited rate cuts this year
Fed officials said inflation has cooled toward 2 percent but remains elevated, shifting forecast to just one rate cut in 2024. They kept the policy rate near 5.3 percent as Powell emphasized data dependency. Inflation eased in May while core prices rose 0.2 percent from April, 3.4 percent year over year.
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Federal Reserve
Fed
Jerome Powell
Powell
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