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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts newsthirst.

The “good ship Transitory,” despite an ominous record, appears ready to sail again for the Federal Reserve. Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation…

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Warren Buffett amasses more cash and sells more stock, but doesn’t explain why in annual letter newsthirst.

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogen | CNBC The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter and grew…

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Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further newsthirst.

Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill on March 06, 2024 in Washington, DC.  Chip Somodevilla | Getty Images Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t…

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Anthropic CEO Amodei says he doesn’t view DeepSeek as ‘adversaries’ newsthirst.

Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBC Anthropic CEO Dario Amodei said in a blog post Wednesday that he doesn’t view China’s DeepSeek “themselves as adversaries” but believes that export controls are more critical than ever when it…

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