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Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates.

Slowing inflation and a cooling property sector are fueling expectations that the U.S. central bank can adopt a smaller interest rate hike this week, as policymakers assess current efforts to rein in prices.

In a first of its kind incident, a lecturer has sued the owners of a coffee shop, where he tripped over a dog sleeping at the entrance and broke his arm.

Mahmut Şenol, who is also a journalist, filed a lawsuit for compensation of 31,000 Turkish Liras ($1,700).

Stanley Fischer, the vice chairman of the Federal Reserve, announced on Sept. 6 he will retire next month, creating a third vacancy for President Donald Trump to fill at the US central bank.
 

The Federal Reserve kept interest rates unchanged on July 26 and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy.

The Federal Reserve kept interest rates unchanged on July 26 and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy.

Nearly one-third of U.S. adults face financial difficulties or are "just getting by," despite a slight improvement in well-being in the overall population, according to Federal Reserve report released on May 19.

The U.S. economy has continued to expand with only modest price increases, but companies are increasingly complaining of trouble finding workers, including for low-skill jobs, the Federal Reserve said on April 19.

The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

For the second time in three months, the Federal Reserve increased its benchmark interest rate a quarter point amid rising confidence that the economy is poised for more robust growth.