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Top koreapro.org News
Federal Reserve · WashingtonThe Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
52% Center coverage: 449 sources
Donald Trump · United StatesBy Auzinea Bacon, CNN (CNN) — President Donald Trump’s latest effort to overhaul America’s legal immigration system — raising the annual fee on H-1B visa applicants from $215 to $100,000 — could deal a major blow to some US industries that rely on skilled foreign workers. During a signing at the Oval Office Friday, Trump argued that America needs “great workers” and that the newly imposed fee “pretty much ensures that that’s what’s going to happ…See the Story
The American Workforce Has a New Challenge: Trump’s $100K Fee on H-1B Visas
50% Center coverage: 22 sources
IMF · South KoreaSouth Korea should maintain its accommodative fiscal and monetary policy settings to support the economic recovery, the International Monetary Fund said, warning that structural reforms are also essential to lift the nation’s longer-term growth prospects.See the Story
Korea Should Keep Easing Policy, Push for Structural Reform: IMF
100% Left coverage: 1 sources
