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CNN —Central bank officials around the world relayed a somewhat unified message this week to the global economy: Inflation is coming down, but the battle is far from won. Most held rates steady, taking a breather from a historic pace of interest rate hikes to stabilize skyrocketing prices. United States: The Federal Reserve in September paused interest rates for the second time after first hitting the brakes in June. The central bank has hiked rates 11 times since last March. While central banks took steps to pause interest rates this week, they kept future hikes on the table.
Persons: , Brian Henderson, Nate Thooft, TikTok, Nnete Matima, Catherine Thorbecke, Clare Duffy, TikTok’s, George Floyd, ” Matima, ByteDance, Matima, Anna Bahney, , Read Organizations: CNN Business, Bell, CNN, Federal Reserve, Fed, BOK Financial, United, Bank of England, Swiss National Bank, Manulife Investment Management, National Association of Realtors, That’s, NAR Locations: United States, United Kingdom, Switzerland, TikTok, Northeast, Midwest, South
New York CNN —Nnete Matima said she was attracted to work at TikTok because of how the social media platform was “really built upon Black culture” and the work of Black creators. Matima is one of two Black former ByteDance employees who together filed a formal complaint with the US Equal Employment Opportunity Commission on Thursday. Their complaint asks the agency to investigate alleged racial discrimination and retaliation against Black workers at the social media giant. Shortly after starting his new role, Carter alleges, he discovered that he was being significantly underpaid compared to his colleagues. Joël Carter is one of two Black former TikTok employees who has filed a legal complaint against the company accusing it of racial discrimination and retaliation.
Persons: Nnete Matima, TikTok’s, George Floyd, ” Matima, ByteDance, Matima, Joël Carter, TikTok, Carter, Trump, , , demoralizing ’ Carter, ” Carter, Joël Carter Carter, ’ ” Carter, Matima — Organizations: New, New York CNN, CNN, US, Employment, Black, America, TikTok Locations: New York, TikTok, New York City, Austin , Texas, China, Beijing, Washington , DC, Silicon Valley, Carter’s
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