Author: Warren Gerard Bishop

Asian shares were mostly higher Friday after Wall Street benchmarks fell on worries that the U.S. Federal Reserve will keep raising interest rates. Markets rose in Japan, Australia, South Korea and China in muted trading. Oil prices rose. Hot readings on the U.S. jobs market Thursday got traders thinking the Fed will need to keep inflicting pain on the economy to fight surging prices. Inflation has been easing from a peak of 9.1% in June to 7.1% in November and investors have been hoping for signs that could prompt the Fed to ease up on applying the brakes to the…

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ANCHORAGE, Alaska (KTUU) – A ridge of high pressure extends from Siberia to mainland Alaska, where it will continue to generate deep cold in the Interior with extremely low wind chills to match. A low pressure system spins over the Aleutians with another in the Gulf of Alaska. The dueling winter weather systems are producing strong winds, and a variety of winter storm warning conditions including cold temperatures, blowing snow, low wind chills and heavy snowfall. Even a mix of rain and snow can be found over the Aleutians. Wind chills in Interior locations will drop to 55 to 65…

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