Fed lifts rate for second time in three months
The Federal Reserve increased its benchmark rate by a quarter point to 0.75 to 1.00 percent, signaling a stronger economy and predicting three rate hikes in 2017. The move boosted stocks while sending bond yields and the dollar lower. dissent came from Neel Kashkari.
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Indictments Highlight Yahoo Data Breach and Russian Links
Justice Department unsealed a 47 count indictment accusing two FSB officers and two Russian hackers of leading one of the largest data breaches in U.S. history. The case ties 500 million Yahoo accounts to Kremlin aims and a global profit motive with theft of emails, credit card data, and gift codes. A Canadian suspect was also arrested as prosecutors note potential enforcement limits but clear messaging of consequences.
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Trump touts auto industry push in Michigan rally
President Trump spoke to autoworkers at Willow Run in Ypsilanti about rolling back regulations to boost American car jobs. He described renegotiating NAFTA and restoring a midterm EPA emissions review while meeting Fiat Chrysler’s Marchionne, GM’s Barra, Toyota’s Lentz, and UAW's Williams.
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