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There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade. With unemployment at a nine-year low, jobs being created at an average of 180,000 per month, the economy growing at better than three percent in the most recent quarter and some signs of a pickup in inflation, the writing is on the wall. Some members of the Federal Open Market Committee, which sets the key federal funds rate, the basis for mortgage and lending rates, have even cautioned that failing to raise rates in December could harm the central bank's credibility, given expectations set by policymakers in recent months.
Lamar Jackson is the first Louisville player to win the Heisman Trophy, beating out preseason favorite Deshaun Watson of Clemson despite some late-season struggles. The sensational sophomore quarterback ...
ExxonMobil President and CEO Rex Tillerson is President-elect Donald Trump's likely pick for secretary of state, US media reported Saturday, with some lawmakers quickly voicing concerns about his ties to Russian leader Vladimir Putin. Tillerson, 64, has extensive experience in international negotiations, overseeing his oil company's activities in more than 50 countries. A Washington Post report late Friday said a secret CIA assessment found that Russia interfered in the US presidential election with the aim of tipping it in Trump's favor.