The Federal Reserve surprised nobody when it raised its policy rate 75 basis points last Wednesday. Despite Chairman Jerome Powell's efforts to address those questions, his answers leave plenty of doubt. To be clear, the Fed's future interest-rate decisions need to be data-dependent, as Mr. Powell insists.
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North Carolina woman sentenced to 8 years for embezzling $15M from former employer
U.S. employment remained strong; unemployment rose to 3.7%.
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