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Fed raises rates but cuts 2019 forecast

Fed raises rates but cuts 2019 forecast

Business
The Federal Reserve has raised interest rates again - but future increases may come at a slower pace.Officials at the US central bank voted to lift the Fed's key interest rate by 0.25%, to a target range of 2.25%-2.5%.But estimates released on Wednesday show most members expect two rate increases in 2019 - not three, as previously forecast.The shift follows a downturn in US financial markets and concerns about slowing growth in the US and abroad.Officials now expect economic growth of 2.3% in 2019, down from the 2.5% they anticipated in September. Members also said they expect inflation to hover around 1.9% next year, compared to a 2% forecast in September.Federal Reserve Chair Jerome "Jay" Powell said the strength of the US econ...
Victoria Beckham cuts lonely figure at People's Choice Awards after Spice Girls snub

Victoria Beckham cuts lonely figure at People's Choice Awards after Spice Girls snub

Entertainment
In a surprising move, the superstar appeared at the swanky Californian bash alone – opting not to be joined by either husband David Beckham or her eldest son Brooklyn Beckham.Dressed in all white, Victoria, 44, rocked minimalist-chic as she slipped into an oversized suit and blouse.Featuring a plunging neckline, the garment drew attention to VB's chest thanks to the fact it included lace detailing.Despite rocking stand-out lashes, Victoria opted for stripped back make-up. Related Articles “I love what I do, and love that I have been given the opportunity to empower women through my collections” Victoria Beckham During the bash, Victoria picked up the gong for the Fashion Icon.Gushing over win, th...
Police taser grandmother, 87, as she cuts dandelions

Police taser grandmother, 87, as she cuts dandelions

World
Police who tasered an 87-year-old grandmother while she was collecting dandelions say they did so "rather than using deadly force". A worker at the Murray County Boys & Girls Club in Chatsworth, Georgia, called 911 after seeing Martha al Bishara, who does not speak English, using a knife to cut the flowers in the club's grounds near her home.Ms al Bishara, who is originally from Syria and speaks only Arabic, needed the dandelions to prepare a salad for her 71-year-old husband.When officers arrived with guns drawn, they struggled to make themselves clear."We began trying to communicate with her, telling her of course to drop the knife," said Chatsworth police chief Josh Etheridge."We didn't know if she just didn't understand us or was having some type of issue."Police say th...
Kentucky cuts vision, dental care for up to 460,000 people

Kentucky cuts vision, dental care for up to 460,000 people

Health
Gov. Matt Bevin's administration cut dental and vision coverage for as many as 460,000 Kentuckians after his Medicaid overhaul plan was rejected in court. The state Cabinet for Health and Family Services called the cuts an "unfortunate consequence" of Friday's ruling by a federal judge. Democrats and advocates for the poor condemned the Republican governor's move as rash and possibly illegal. The cuts were announced during the weekend. U.S. District Judge James E. Boasberg's rejection of Bevin's plan to overhaul the state's Medicaid program was also a setback for President Donald Trump's administration, which has been encouraging states to impose work requirements and other changes on the joint state and federal health insurance program for poor and disabled people. Boasberg's ruling blo...
Kentucky GOP cuts dental, vision for nearly 500,000 people

Kentucky GOP cuts dental, vision for nearly 500,000 people

Health
Gov. Matt Bevin's administration is cutting dental and vision coverage for nearly a half-million Kentuckians after his Medicaid overhaul plan was rejected in court. The state Cabinet for Health and Family Services calls the cuts an "unfortunate consequence" of Friday's ruling by a federal judge who said Kentucky can't require poor people to get jobs to keep their Medicaid benefits. U.S. District Judge James E. Boasberg's rejection of the Republican governor's plan to overhaul the state's Medicaid program is a setback for President Donald Trump's administration, which has been encouraging states to impose limits on the state and federal health insurance program for the poor and disabled. Cabinet spokesman Doug Hogan squarely blames the judge, saying the "optional services" will be restore...