Fed Signals Likely Pause on Rate Hikes But Leaves Door Open; Oil Markets Remain Volatile Amid U.S. Actions; House GOP Leadership Crisis Continues; China and Russia Strengthen Economic Ties Amid Western Tensions
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Federal Reserve Chair Jerome Powell signals a likely pause on interest rate hikes at the next Fed meeting, but leaves door open for future increases if needed.
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Oil markets remain volatile amid U.S. actions including lifting Venezuela sanctions, Strategic Petroleum Reserve refilling, and missile interceptions in Middle East.
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House Republicans face ongoing leadership crisis as Speaker vote stalls, underscoring internal divisions and lack of consensus.
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China and Russia bolster economic ties, signing massive grain deal and cooperating on energy certification systems amid tensions with West.
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CVS removes ineffective over-the-counter allergy/cold medicines containing phenylephrine following FDA advisory about lack of efficacy.