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Federal Reserve Chair Jerome Powell said he thinks it's rather "likely" that the forces of de-globalization will mount, leading to a more fractionalized new normal characterized by higher inflationary pressures, lower productivity, and slower economic growth.
'As it’s happening, it will feel really good because inflation won’t be as strong as the Fed currently anticipates.' Dutta said
CEO confidence in the U.S. economy is waning as survey results and comments from top executives suggest a dim outlook.
Price growth slowed its pace in April, with a key inflation gauge falling to a level well below analysts' forecasts and fueling hopes that price pressures may be starting to dissipate.
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