News Wrap: Federal Reserve projects rate increases in 2023 as economy recovers from COVID

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In our news wrap Wednesday, the Federal Reserve signaled it may raise a key, short-term interest rate — from near-zero — sooner than planned. The European Union called for lifting travel restrictions on Americans. North Korea’s leader Kim Jong-un warned of extended COVID restrictions and food shortages. The U.S. Congress moved to give final approval to making “Juneteenth” a federal holiday.

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