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As expectations grow for the fourth inter-Korean summit, speculation is mounting that the next one could take place at the border village of Panmunjom. If held, it could be timed to coincide with the first anniversary of the two leaders' first summit, held on April 27 last year.
As demonstrations escalate, officials in Minneapolis pledge to disband police
As a result, the Federal Open Market Committee (FOMC) is likely to leave the federal funds rate at its current target level of 1.50 to 1.75 percent. The rate determines what banks charge each other for overnight lending, but also affects the cost of consumer debt and therefore influences spending.
As for China, the wider policy room provided by the Fed's dovish tone－as well as this year's controllable inflationary pressure－is expected to trigger monetary easing measures in the second half of the year, said Zhang Yu, chief macroeconomic analyst with Hua Chuang Securities, based in Guiyang, Guizhou province.
As for the contentious issues, Sta. Romana said there are areas where the countries don't see eye to eye, but they can discuss them frankly and in a friendly way through a bilateral consultative mechanism.
