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Fed's preferred inflation gauge shows price pressures stayed elevated last month

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid. Friday's report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% inflation target.

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Ghana Set to Hold Interest Rates on Cedi Slump, Inflation Angst

(Bloomberg) -- Policymakers at the Bank of Ghana on Monday are expected to keep interest rates unchanged to tame inflationary pressures stemming from a slide in the cedi.Most Read from BloombergUS Homebuyers Expecting $10,000 Savings Face Tough RealityHarassment and Drugs Plagued a Citigroup Division for YearsFed’s Powell Ready to Support Job Market, Even If It Means Lingering InflationGucci’s China Shock Reverberates Across the Luxury LandscapeThe cedi has lost about 5% of its value against the

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Thai PM Doubles Down on Rate-Cut Call as Easing Bets Mount

(Bloomberg) -- Thailand’s prime minister pledged to keep up his campaign to pressure the central bank into a rate cut, fueling a buildup of market sentiment that the dispute will result in monetary easing.Most Read from BloombergNvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'Biden Touts $1.2 Billion in Student Loan Relief With Eye to 2024Tech Up in Late Hours on Nvidia’s Bullish Outlook: Markets WrapChina Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will B

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Romania May Hint at Rate Cut As Inflation Fades

(Bloomberg) -- Romania’s central bank may start laying the groundwork for cutting interest rates in the coming months as a spike in inflation at the start of the year is likely to prove fleeting.Most Read from BloombergS&P 500 Rally Hits a Wall in Run-Up to CPI Report: Markets WrapTrump Asks Supreme Court to Keep DC Election Trial on HoldPentagon Chief Austin in Critical Care for Bladder IssueTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenInvestors will be looking for clues about the

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Key Takeaways From Fed Decision to Hold Rates at 22-Year High

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday: Federal Open Market Committee votes unanimously to leave benchmark rate unchanged -- as expected -- in target range of 5.25%-5.5% for fourth straight meeting while making significant changes to statement, including a new reference to considering “any adjustments” to the benchmark rate, stepping away from its previous bias toward a potential hike Policymakers signal they're not yet ready to cut interest rates a

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J.P.Morgan now expects BoE to start cutting interest rates in August

The brokerage now expects a 75-basis point rate cut by end 2024, taking J.P.Morgan's policy rate forecast to 4.5%, while the central bank's current benchmark rate stands at 5.25%. J.P.Morgan had earlier estimated BoE to start cutting rates only in November. The easing in consumer prices had led many economists to predict that it would be back at the BoE's 2% target by April or May this year, around 18 months sooner than the BoE was predicting.

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Russian central bank says it needs months to make sure CPI falling before rate cuts -RBC

Russia's central bank will need two to three months to make sure that inflation is steadily declining before taking any decision on interest rate cuts, the bank's governor Elvira Nabiullina told RBC media on Sunday. The central bank raised its key interest rate by 100 basis points to 16% earlier in December, hiking for the fifth consecutive meeting in response to stubborn inflation, and suggested that its tightening cycle was nearly over. The bank will next convene to set its benchmark rate on Feb. 16.

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