WASHINGTON (AP) -- Economic uncertainties heightened by the possibility of war with Iraq and a rare display of dissent within the Federal Reserve is raising expectations that the central bank might cut interest rates before the end of the year, economists say.
Although the Federal Open Market Committee voted 10-2 on Tuesday to hold interest rates steady, policy-makers cited "geopolitical risks" -- something most economists viewed as a reference to Iraq -- as a potential danger to the wobbly economy.
Airstrike hits Iraq
WASHINGTON (AP) -- Allied aircraft have struck Iraqi air defense facilities again, defense officials said Wednesday.
In a double strike at two southeastern installations, precision-guided weapons were aimed at a radar facility near Al Amarah about 165 miles southeast of Baghdad and a defense communications facility at Tallil, about 170 miles southeast of the capital, according to a statement from the U.S. Central Command in Florida.
Israel blows up three homes
JERUSALEM (AP) -- Israeli troops demolished three houses of Palestinian terror suspects Wednesday, while Jewish settler leaders inaugurated a new Jewish settlement near the Palestinian city of Nablus.
In the West Bank town of Ramallah, Israel maintained its siege of Yasser Arafat's headquarters for a seventh day, ignoring a call by the U.N. Security Council to end operations there and withdraw.
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