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Federal Reserve Chair Jerome Powell stated that a "lack of further progress" in controlling inflation means the central bank will likely refrain from reducing interest rates at its upcoming policy meeting just two weeks away, instead maintaining elevated interest rates for a prolonged period. Since

Saudi Crown Prince Mohammed bin Salman said in an interview on Fox New on Wednesday that OPEC's decision to cut oil production was based on market stability and was not intended to help Russia wage its war in Ukraine. The crown prince told in an interview that "We just watch supply, demand. If there