The Headlines Hezbollah Blames Israel for Deadly Pager Attack, and Fed Expected to Cut Rates
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Sep 18, 2024 A deadly attack on Hezbollah operatives in Lebanon, blamed on Israel, leads to significant casualties. The Federal Reserve is expected to cut interest rates, impacting borrowers and savers differently. Instagram rolls out new safety measures for teenagers, making under-18 accounts private by default. Meanwhile, a concerning report links alcohol consumption to cancer risks among young adults. Gymnast Jordan Chiles fights for her Olympic bronze medal in court, adding drama to the world of sports.
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Pager Attack
- Hezbollah members were attacked when hundreds of their pagers exploded simultaneously.
- The pagers, ordered from Taiwan, were tampered with and contained small explosives.
Fed Rate Cuts
- The Federal Reserve is expected to cut interest rates for the first time since early 2020.
- This move comes as inflation decreases and the labor market cools.
Financial Impacts of Rate Cuts
- Credit card interest rates may soon decrease, mirroring the Fed's rate cuts.
- However, interest rates for savers in online savings and money market accounts might also fall.