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National Parks Service overhauls free admission days to include Trump's birthday CNNNational parks add Trump's birthday to list of fee-free days and remove MLK Day, Juneteenth CBS NewsNational parks cut free entry for MLK Day, add Trump's birthday USA TodayNational parks change prioritizes Trump birthday over days honoring Black people SFGATE
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Frank Gehry, who stretched architecture's boundaries, dies at 96 The Washington PostFrank O. Gehry, Titan of Architecture, Is Dead at 96 The New York TimesFrank Gehry, world renowned architect, dies at 96 CNN11 fascinating Frank Gehry buildings in Los Angeles Los Angeles TimesFrom Bilbao to Las Vegas: Frank Gehry's incredible architecture - in pictures The Guardian
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The delayed core personal consumption expenditures price index for September was expected to show a 2.9% annual increase.
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Rising Japanese bond yields, coupled with the expectation that the Bank of Japan will raise interest rates again later this month for the first time since January, has breathed new life into a Wall Street boogeyman.
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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