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The European Central Bank is on track to start cutting interest rates next month, but will need to keep policy in restrictive territory through 2024, according to Chief Economist Philip Lane. “The best way to frame the debate this year is that we still need to be restrictive all year long,” Lane told the Financial Times in an interview published Monday. ...
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In what had long been celebrated every May 30 to honor America’s fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May. Businesses increasingly have chosen to stay open on the holiday, leading to what is now one of the biggest retail sales and travel weekends of the year. Here’s what is open and closed ...
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