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On today’s Daily Signal Top News, we break down:
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On the eve of the second anniversary of the outbreak of Ethiopia’s civil war, we take a close look at the genesis of the conflict between the central federal government and Tigrayan rebels, and assess the prospects for lasting peace after both sides agree a deal to end the fighting.
Those looking for signs of a more dovish Federal Reserve were disappointed.
This episode is sponsored by Nexo.io, Circle and FTX US.
On today’s episode, NLW covers Wednesday’s Federal Open Market Committee meeting. Nominally the big news was the fourth consecutive 75 bps rate hike. But the big news was Federal Reserve Chair Jerome Powell used the presser as an occasion to again remind markets that any talk of pivots or changes is premature. In fact, he shared that data received since September was likely leading the Fed to revise upwards estimates of where it believes the peak federal funds rate will need to land.
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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “War” by Enoch Yang. Image credit: Chip Somodevilla/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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By Olav H. Hauge
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A fellow Conspiracy Realist writes in with a unique perspective on reincarnation. A late-night modem noise triggers a primal response. Ben remains away on what he only describes as a "secret project." All this and more in this week's listener mail. They don’t want you to read our book.
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