Tag: USA
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Fed cuts by a quarter point, indicates fewer reductions ahead
WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target…
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American single malt whiskey gains official category recognition
The Alcohol and Tobacco Tax and Trade Bureau (TTB) has issued its final rule establishing a new American single malt whiskey category. The move will “help protect and promote this growing category”, according to the American Single Malt Commission (ASMWC) and the Distilled Spirits Council of the United States (DISCUS). “This is a landmark ruling…
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US wholesale inflation surged higher in November
US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.4% on a monthly basis and 3% for the 12 months ended in November,…