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The Best Xbox 360 Games of All Time
Nowadays, everything is an Xbox — or so Microsoft would have you believe. The advent of the Netflix-like Game Pass subscription has become the tech company’s top priority, shifting their focus from traditional hardware…
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Intranasal nanomedicine shows promise against glioblastoma
Researchers at Washington University School of Medicine in St. Louis, along with collaborators at Northwestern University, have developed a noninvasive approach to treat one of the most aggressive and deadly brain cancers. Their…
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The Xreal One glasses are great for gaming, and are cheaper than ever
I’ll admit it, I thought AR glasses like the Xreal One were a joke when I first heard about them. But they clicked for me as a gamer when I realized they could be plugged into a Steam Deck or an iPad to have my own huge, private display no…
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‘The ad libs had us shaking behind the camera’: Corbyn and McKellen cameos raise panto’s profile | Panto season
We’re a third of the way through the fabulously camp production of Wicked Witches, a mashup of Wicked and The Wizard of Oz, at the Pleasance theatre in Islington, north London. Dor (formerly known as Dorothy) and Tin 2.0 need guidance on how to…
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A ‘rampaging lion’ nebula roars to life in a stunning deep-space photo
The Lion Nebula as captured by astrophotographer Ronald Brecher in October 2025. (Image credit: Ronald Brecher) A nebula takes on the appearance of a rampaging lion in a new deep space vista captured by astrophotographer Ronald Brecher under…
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Is Cottage Cheese Healthier Than Yogurt?
Key Points
- Both cottage cheese and yogurt are nutritious dairy options packed with protein, calcium, and vitamins—but yogurt offers more probiotics and less sodium.
- Greek yogurt often wins nutritionally, with higher magnesium, lower sodium, and…
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Neewer CB300C COB Light: Set your lighting free
Looking for some powerful lighting for photography and video in the studio? Then look no further than the new Neewer CB300C COB Light. Constant lighting has really jumped forwards in leaps and bounds of late, to the point I rarely use my…
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Irish fashion designer dies aged 80
Getty ImagesPaul Costelloe during London Fashion Week September 2025 Irish fashion designer Paul Costelloe has died in London aged 80.
Costelloe became one of the best-known names in British and Irish fashion and was personal designer to the late…
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Fed’s Collins: Monetary policy currently in right place, hesitant about cutting rates
BOSTON, Nov 22 (Reuters) – Federal Reserve Bank of Boston President Susan Collins said Saturday that she’s still leaning against the U.S. central bank cutting its interest rate target next month as it faces ongoing risks to both its inflation and job mandates.
“I do see reasons to be hesitant” about lowering the cost of short-term borrowing at the December 9-10 Federal Open Market Committee meeting. “My own view is that policy is currently in the kind of mildly restrictive range after the 50-basis-point easing that we did in September and October, and that’s appropriate” given the current state of the economy, Collins told reporters at a conference at her bank.
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The challenge for the Fed right now is that it faces ongoing risks created by above-target inflation while at the same time the job market is softening, she said. For monetary policy, “I see risks on both sides and it’s really about balancing those risks.”
Collins was asked if she was willing to dissent against a rate cut at the upcoming Fed meeting, which is likely to be unusually fractious for a committee that typically sees policymakers set policy by clear consensus. She said she has not decided what she wants the Fed to do at the meeting and would like to see more data before making a call.
Over recent days, a wide range of officials have staked out positions on whether the Fed should cut what is now a 3.75% to 4% federal funds rate target range by a quarter-percentage-point. The Fed’s other two rate cuts were driven by officials’ desire to support a softening job market while still keeping interest rate policy in a place where it can depress inflation that continues to overshoot the Fed’s 2% target.
Fed officials are also moving toward the meeting with a dearth of the data they usually rely on to set monetary policy, with the government shutdown only recently resolved. A substantial number of policymakers have been against cutting rates amid ongoing inflation concerns.
Some of the gravity on that internal debate shifted Friday with a speech by New York Fed leader John Williams, who said “I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral.” That caused futures markets to increase what had been declining odds of a near-term easing.Some on the Fed have prepared observers to see an unusual level of formal disagreement at the FOMC meeting. For those who have accused the Fed of groupthink when it comes to setting policy, “get ready: You might see the least groupthink you’ve seen from the FOMC in a long time,” Fed Governor Christopher Waller said on Monday.
Collins told reporters “we’re in a complex period” for setting monetary policy. “I think having a range of views is important, and I think there are some periods where there’s, you know, more of a range. If we all thought exactly the same thing, I think that would be, would be problematic.”
The Boston Fed bank president also said in her comments to the press that her outlook for the future of the economy is relatively benign, with unemployment rising a bit, and inflation pressures eventually moderating from current levels. She added that financial conditions are putting some wind at the economy’s back.
Collins also explained what could alter her view on the right path for interest rate policy. “Looking at both sides of the mandate, there are risks on the employment side, and certainly, if I saw more evidence of more softening and weakness, I would take that seriously.”
Reporting by Michael S. Derby
Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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