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Expect the Fed to favor a September rate hike

The Federal Reserve’s Open Market Committee’s meeting this week will be particularly notable if central bank officials signal Wednesday that they are inclined to embark on a new interest rate cycle in September, raising floored policy rates for the first time since 2006.

Trans fat is not safe and must be removed from food: US

Partially hydrogenated oils, known as artificial trans fats, are not safe to eat and must be removed from the food supply in the next three years, US regulators said Tuesday. Often found in margarine, frosting, cookies, crackers and frozen pizzas, partially hydrogenated oils (PHOs) are not “generally recognized as safe” for use in human food, said the US Food and Drug Administration, finalizing the agency’s proposed ban on artificial trans

U.S. official suspects cyber attack occurred in 2014

WASHINGTON (Reuters) – The director of the U.S. Office of Personnel Management said on Tuesday that officials suspected a cyber attack that affected millions of employee records took place in 2014. “We suspect that it happened earlier, in 2014,” Katherine Archuleta testified at a hearing of the U.S. House of Representatives Committee on Oversight and Government Reform. (Reporting by Patricia Zengerle; Editing by Doina Chiacu)