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Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance

WASHINGTON, June 18, 2026 (AP) — The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year. The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened concerns about persistent inflation among Fed officials. In an unusually short statement after their two-day meeting, the officials dropped language that had suggested their next move would be to cut the key rate. The brief statement reflects the influence of new chair Kevin Warsh, who was appointed by Trump. Warsh has previously criticized the

Sena (UBT) meeting in Delhi to decide party’s future, fate of dissidents

Mumbai, Jun 18 (PTI) A crucial meeting of the Shiv Sena (UBT) Parliamentary Party in New Delhi on Thursday will determine whether the bid by dissident MPs to form a separate group will succeed, coming just a day after a whip was issued directing lawmakers to attend the meet. The move was initiated after heightened speculation that a section of rebel Shiv Sena (UBT) MPs was planning to form a separate group in the Lok Sabha and later merge with the Eknath Shinde-led Shiv Sena. The Shiv Sena (UBT), headed by former Maharashtra CM Uddhav Thackeray, issued a whip on

US and Iran sign initial deal to end war, ease sanctions and open strait as nuclear talks continue

WASHINGTON, June 18, 202 (AP) — President Donald Trump signed an agreement with Iran on Wednesday that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington, according to details released by both countries. The initial deal to end the war takes “immediate effect” after leaders from both countries signed it, Pakistani Prime Minister Shehbaz Sharif, who helped mediate the agreement, said online. The agreement calls for a permanent end to hostilities and starts a 60-day negotiating clock

EU and India will formally sign free trade deal by end-2026, says EU chief

June 17 (Reuters) – The European Union will formally sign its a landmark trade deal with India by the ​end of this year, European Commission President ‌Ursula von der Leyen said on Wednesday. Von der Leyen provided an update on the EU’s free trade agreement ​with India after she met Indian ​Prime Minister Narendra Modi at the G7 summit in ⁠France. “Since we have concluded the mother of ​all trade deals, we have been moving fast ​to deliver on our commitments. We will sign the Free Trade Agreement by the end of the year,” ​von der Leyen wrote on X.

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