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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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Politics is upon us

IT wasn’t an ordinary day by any stretch of the imagination, even though it began rather ordinarily. There was little news to interest anyone (and Kashmir was a no-no for television channels). Initially, there came fleeting news about a press conference by the head of ISPR but it wasn’t meant to be. Those who had…

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Federal workers sour on government work, decrying eroding job security

Nearly two-thirds of U.S. federal workers said they wouldn’t enter public service again, citing eroding job security and benefits, according to a recent poll of active and retired government employees.  Respondents’ views overwhelmingly reflected concerns about the current federal climate, rather than regret over having chosen careers in government, the National Active and Retired Federal…

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Democrats probe DOJ finding that eases way for states to institutionalize mentally ill

Senate and House Democrats launched a congressional inquiry on Wednesday into a new controversial Justice Department legal opinion that would make it easier for states to keep people with mental illness institutionalized, rather than paying for them to receive community-based care. In a letter to Acting Deputy Attorney General Todd Blanche, the lawmakers asked the…

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