Fed signals strength in economy but holds steady policy
The Federal Reserve says the U.S. economy is strengthening and making progress toward its employment and inflation goals, with vaccinations supporting growth. Powell notes Delta risks are evolving but not alarming, as the Fed hints at possible tapering later this year while keeping rates near zero and continuing $120 billion monthly bond purchases. Stock indexes end mixed as investors await further policy guidance.
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Google delaying office return and vaccine policy across campuses
Google will push back its office return to October 18 and require vaccination for all staff once campuses reopen, starting at Mountain View and extending to 40 plus countries. The move follows a surge in COVID 19 cases driven by the delta variant and affects contractors while offices gradually reopen.
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