The Fed raises interest rates. And, EU proposes Canada become an 'associate member'

The Federal Reserve has decided to increase interest rates, a significant move that could influence everything from mortgage rates to consumer spending. This decision comes after years of low rates aimed at stimulating the economy during the pandemic. Meanwhile, the European Union has made a groundbreaking proposal to elevate Canada to an "associate member," a status that could deepen economic and political ties. Both developments are crucial as they impact global economic strategies and international relations.