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The BLS said it was canceling the release of the October CPI, leaving the Fed without a key piece of inflation data before it next decides on interest rates.
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John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.'
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A man facing a federal terrorism charge for allegedly dousing a 26-year-old woman with gasoline and lighting her on fire on a Blue Line train car was ordered detained while awaiting trial Friday.
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Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
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Market odds of a cut remained weak following the release of the September jobs data, the first nonfarm payrolls report investors are seeing since the government shutdown.
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