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The Federal Reserve’s latest statement on monetary policy left the central banks options open on an interest rate rise later this year. The FT’s John Authers suggests that international developments may force the Fed to be more patient.
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http://video.ft.com/Authers-Note
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Apple has just returned the most profitable quarter of any public company in history. Lex’s Oliver Ralph and Robert Armstrong discuss why it is difficult to value the iPhone maker and how innovative it needs to be.
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Global macro bullshit is back.
– Josh Brown

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Newly elected Greek Prime Minister Alexis Tsipras has announced his cabinet. The FT’s Europe editor, Tony Barber, reports from Athens on the key posts and what this means for Greece’s eurozone partners.
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