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Federal Reserve hikes rates, leaves door open to more tightening

The Federal Reserve hiked interest rates as expected on Wednesday and left the door open to further tightening if needed. ....

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UK economic growth nearly stalls in July, PMIs show

Activity levels in the UK's manufacturing and services sectors slowed sharply in July, closely followed survey results showed. ....

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Empire State index retreats slightly in July

Factory sector activity in the jurisdiction of the Federal Reserve Bank of New York softened a tad less than expected in July. ....

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Citigroup shares slip despite Q2 results beat

Citigroup's quarterly results beat analysts' estimates, although poor showings in its markets and investment banking units. ....

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Fed's Waller calls for two more rate hikes, perhaps one

One of the U.S. Federal Reserve's top officials called for two more interest rate hikes before the end of the year. ....

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