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With rate hikes likely done, Fed turns to timing of cuts

WASHINGTON (Reuters) — The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of monetary policy is likely over as inflation falls faster than expected and with a discussion of cuts in borrowing costs coming “into …
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Etsy shares dive after e-commerce company cuts workforce

NEW YORK (Reuters) — Shares of Etsy Inc dropped on Wednesday after the e-commerce platform announced it would slash 11% of its workforce as it seeks to cut costs, pressured by weakening demand for handcrafted goods. Etsy will lay off 225 people, about 11% of total staff, and will incur financial ch…
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