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inflation rate rises to 2.1 percent as fed targets 2 percent goal

The key Fed inflation rate rose to 2.1% in September, aligning with expectations, as the personal consumption expenditures price index showed a 0.2% monthly increase. While services prices increased by 0.3%, goods prices fell by 0.1%, indicating ongoing deflation in that category. Personal income and consumer spending also saw gains, with the latter rising 0.5%, suggesting resilience in the economy despite inflation concerns.

us treasury sanctions swiss lawyers for facilitating russian clients evading sanctions

The US Treasury has sanctioned two Swiss lawyers for allegedly helping Russian clients evade sanctions by creating companies and trusts. This action highlights concerns over loopholes in Swiss law that allow lawyers to operate without due diligence, facilitating illicit financial activities. The sanctions are part of a broader effort to disrupt networks supporting Russia's military operations amid ongoing international tensions.
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