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Fed cuts rates amid deep internal split

The U.S. Federal Reserve on December 10 (local time) lowered its benchmark interest rate by 0.25 percentage points, but the decision exposed the central bank’s sharpest internal disagreement in six years, with three out of twelve voting members opposing the move.The Federal Open Market Committee (FOMC) lowered the federal funds rate to a range of 3.50–3.75%,..

NATO agrees to raise defense spending to 5% of GDP by 2035
NATO’s 32 member states have officially agreed to raise defense spending to 5% of their GDP by 2035—more than double the current 2% target—marking a signif..

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