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(Reuters) -European shares slipped on Thursday after the European Central Bank (ECB) raised borrowing costs as expected and signalled more policy tightening in its fight against sticky inflation. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 13, 2023. REUTERS/Staff/ FILE PHOTOThe continent-wide STOXX 600 index closed 0.1% lower after falling as much as 0.8% earlier in the day. The ECB increased the deposit rate by 25 basis points to 3.5%, the highest level in 22 years. This was the central bank’s eighth successive raise.
Persons: Christine, Lagarde, , Stuart Cole, Halma, SoftwareOne Organizations: Reuters, European Central Bank, REUTERS, Staff, ECB, Equiti, U.S . Federal Reserve, ASOS, Bain Capital Private Equity, Informa Locations: Frankfurt, Germany, Swedish, British, Swiss
If you missed yesterday's Federal Reserve decision — and how the market reacted — you've come to the right place. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. The Federal Reserve releases minutes from the March meeting of its policymakers on Wednesday, April 11. US stock futures edge lower early Thursday after the Federal Reserve paused rate hikes but hinted there were more to come. The housing market is so tight right now because 90% of homeowners are already locked into low mortgage rates.
Persons: Jerome Powell, Carolyn Kaster, it'll, there's, Powell, Dow Jones, Morgan Stanley's Mike Wilson, Wilson, it's, Martin Puddy, that's, Elon Musk's, Goldman Sachs, Musk, JPMorgan's Marko Kolanovic, Max Adams, Nathan Rennolds Organizations: Federal, Federal Reserve, Bank, Fed, Bank of America Locations: Washington, Silicon, insider.com, Beijing, China, Detroit, New York, London
Voters in Pennsylvania's 7th Congressional District told Insider how they feel about these key issues ahead of the midterm elections. They also are critical issues for voters in one of the nation's swing Congressional Districts with an especially tight race: Pennsylvania's 7th Congressional District. While abortion is a huge issue, even more voters may be worried about the economy and sky-high inflation. "I think it's important to remember that voters vote on issues that impact them in their everyday lives," Chen said. The economy stood out among the results with 26% saying the economy, and 19% said "inflation or the cost of living."
"I can go down the list and check things: incumbency, check Wild; inflation, check Scheller; district reconfiguration, check Scheller; abortion issue, check Wild." The Pennsylvania Senate race is also hotly contestedWith the Republican Toomey retiring, CNN projected Pennsylvania could flip; NPR agreed, saying it's the "most likely Senate seat to change hands." Chen said that Oz is "continuing to close on" Fetterman, though, because Pennsylvania voters, "especially in the Lehigh Valley, are willing to split their tickets." That poll showed 34% of surveyed voters listed inflation as their most important issue in the election, followed by 28% of surveyed voters who named abortion. "Those are all issues that if we don't maintain a United States Senate, control of the United States Senate, I think this country could be really in danger," Halma said.
"But he needed way more time to be able to process effectively," McFarland, the chair of Lehigh County's Democratic Committee, told Insider on Wednesday. During the one-hour showdown against his Republican rival Mehmet Oz, Fetterman at times struggled to get his message across clearly, speaking haltingly and stumbling on his words. James Carter, a 71-year-old Democratic voter, told Insider that Fetterman is simply not getting enough credit. "I kind of felt bad," Stacy Garrity, Pennsylvania's state treasurer, told Insider. "I don't even think that John Fetterman should be running," Beth Gdowik, a 59-year-old voter from the Lehigh Valley area, told Insider.
Democrats in Pennsylvania have continued to defend John Fetterman after his debate performance. John Fetterman make his case to voters in Pennsylvania's Senate debate on Tuesday evening, one thing became clear to her: time was not on his side. During the one-hour showdown against his Republican rival Mehmet Oz, Fetterman at times struggled to get his message across clearly, speaking haltingly and stumbling on his words. James Carter, a 71-year-old Democratic voter, told Insider that Fetterman is simply not getting enough credit. Some Republicans hope Tuesday's debate, the first and only one before Election Day, would push Oz ahead in the polls.
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