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The Fed's Favorite Inflation Index Remained Stubborn in March

Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.

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Japan's yen hits new 34-year low; US dollar rises after inflation data

The dollar soared to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with expectations and affirming expectations the Federal Reserve will likely delay cutting interest rates to later this year.

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Fentura Financial, Inc. Announces First Quarter 2024 Earnings (Unaudited)

Fentura Financial, Inc. Announces First Quarter 2024 Earnings (Unaudited)
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View: The 'Modi-fication' of India is still thrilling markets

In late 2013, Goldman Sachs Group Inc. expressed optimism about India amidst a growth slowdown, titling its report "Modi-fying Our View," referring to Narendra Modi, then a favored prime ministerial candidate. However, a decade later, Modi's zeal for reform has waned, with the BJP's promises now more modest. Despite this, global financial industry support for Modi remains high, with expectations of increased overseas capital post-elections. This new investor-Modi compact focuses on what he won't do, such as following authoritarian paths like China's Xi Jinping or pursuing ultra-low interest rates like Turkey's Erdogan. With a favorable environment for investors, Modi's potential third term is anticipated to bring increased investment, guided by discretionary incentives and protective trade barriers.

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U.S. Economy Grew at 1.6% Rate in First Quarter Slowdown

Consumers ensured that growth continued, but the latest data showed signs of vulnerability elsewhere.

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