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Rep. Hakeem Jeffries says Democrats are “on the verge of taking back control” as he visits 2 key House battlegrounds

House Minority Leader Hakeem Jeffries expressed growing confidence that his party will regain control of the House in November, as he visited two battleground districts in recent days to help Democratic candidates unseat Republican incumbents. Jeffries campaigned Friday in New Jersey’s competitive 7th Congressional District alongside Democratic challenger Rebecca Bennett, a Navy veteran seeking to…

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AI is driving up consumer prices. That won’t stop anytime soon, experts say.

The torrent of corporate spending on artificial intelligence in the U.S. is driving up consumer prices, working against efforts to cool inflation.  AI requires enormous computing power, driving demand for the semiconductors that enable it. Rising chip costs are also prompting electronics manufacturers to raise prices on smartphones, computers, software and other tech accessories. Consumers are…

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The Fed was expected to hike interest rates in September. Don’t bet on that now, economists say.

What a difference a day can make for monetary policy.  On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…

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