A senior Federal Reserve official confirmed Thursday that the U.S. central bank still intends to start cutting interest rates “at some point this year,” but warned against the potentially inflationary effect of over-consumption.[#item_full_content]

Los Angeles agrees $4bn deal to settle thousands of sexual abuse claims
Read More Los Angeles county has reached a $4bn agreement to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959, officials said