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The 7 things you need to know for Monday, July 25


This will be another big week for economic news.

  • On Wednesday: The Federal Reserve, the U.S. central bank, is expected to raise interest rates for the fourth time this year. This is one of its main tools to fight rising prices.
  • On Thursday: The GDP report will tell us whether the U.S. economy grew or shrank over the past three months.
  • Why this matters: Policymakers are trying to bring prices down by cooling the economy — but without causing a recession. The GDP report will provide another snapshot of how that’s going.


The WHO declared monkeypox a global health emergency this weekend.

  • Why? More than 16,800 cases of the virus, which causes lesions and rashes, have been reported this year, with at least 2,890 in the U.S.
  • What this does: It puts pressure on countries to take action and should lead to more funding.
  • What else to know: Experts are concerned because it’s spreading in new ways. In the past, monkeypox spread through contact…

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