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European shares rally as investors begin May in bullish mood
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Dollar retreats as traders brace for more U S data
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Fed s Waller says U S economy ready to rip
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Fed s Waller says U S economy ready to rip but inflation will level off
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KAREN BLEIER/AFP/Getty Images
The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable engaging in a wider range of activities, but any accompanying spike in inflation is likely to be temporary, the Federal Reserve’s newest board member said on Friday, echoing the view of most U.S. central bankers.