🇺🇸 Powell says confidence in 2% inflation path has increased, time has come to adjust policy, does not seek further cooling of the labor market: Jackson Hole

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JUST IN: 🚨 US start-up failures jumped to 254 over the past year, the highest level since at least 2019.

The annualized rate of start-ups going failing is now 7 TIMES larger than 5 years ago.

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🇺🇸 SUMMARY OF FED CHAIR POWELL'S REMARKS (8/23/24):

1. "The time has come for Fed policy to adjust"

2. Fed "will do everything" to support a strong labor market

3. Fed does not welcome further weakening of the labor market

4. Confidence has grown that inflation is heading to 2%

5. Balance of risks to Fed mandates has changed

6. Inflation has declined significantly toward the goal

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🇮🇳 🇺🇦 Indian Prime Minister Modi visits Ukraine and offers to help 'as a friend' to end its war with Russia.

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🇷🇺 Russia says "BRICS must be prepared for the collapse of the dollar."

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🇺🇸 WALL STREET ENDS SHARPLY HIGHER TO NOTCH WINNING WEEK AS POWELL CEMENTS SEPTEMBER RATE CUT HOPES

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🚨🚨🚨 Two Top Banks 🏦 Report Data Breaches.

TD Bank and Summit National Bank disclose major data leaks affecting thousands of customers, prompting investigation by 🇺🇸 Maine Attorney General’s Office.

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🇬🇧 UK mass arrests citizens for memes
🇫🇷 France arrests founder of Telegram
🇮🇪 Ireland tries to ban "mean memes"
🇧🇷 Brazil forces 𝕏 to flee the country
🇦🇺 Australia tries to censor 𝕏 posts
🇪🇺 EU tries to blackmail Elon Musk
🇺🇸 DOJ jails someone for a meme
🇻🇪 Maduro blocks all access to 𝕏

Free speech is under attack all across the globe. Now is the time to fight.

If they win, there's no going back.

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🚨🇮🇱 Israel Declares Emergency After Hezbollah Strikes

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🇷🇺 FRANCE IGNORES RUSSIA DEMAND FOR ACCESS TO TELEGRAM CEO PAVEL DUROV

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BREAKING: 🇺🇸 US money market funds just saw ~$90 billion of inflows in the first half of August, the most since November 2023.

This is DOUBLE the amount recorded last month, according to EPFR data.

@Fin_Watch