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US inflation increases moderately; consumer spending boosts Q2 outlook

The report from the Commerce Department on Friday, which also showed strong consumer spending last month, offered some relief to financial markets spooked by worries of stagflation after data on Thursday showed inflation surging and economic growth slowing in the first quarter.

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The economy seems weaker than advertised, and inflation is still running hot—it's the 'worst of both worlds'

David Donabedian, CIO of CIBC Private Wealth U.S., warned the spike in core inflation seen in the latest GDP report is a major setback for the economy and the Fed.

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Citi Trims Fed Bet for 2024, Still Sees Multiple Rate Cuts

(Bloomberg) -- Citigroup Inc. dialed back expectations for Federal Reserve interest-rate reductions on Friday, while remaining among the most dovish forecasters on Wall Street.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephen Ross Believes in South Florida—a

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The economy appears to be weaker than expected and inflation remains high, creating a challenging situation.

The economy appears to be weaker than expected and inflation remains high, creating a challenging situation.
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Citi Trims Fed Bet for 2024, Still Sees 100 Basis Points of Cuts

Citi Trims Fed Bet for 2024, Still Sees 100 Basis Points of Cuts
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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A rate cut in June is still on tap because the job market is weakening, Citi economist says

Federal Reserve Governor Jerome Powell delivers remarks during a conference at the Brookings Institution in Washington. Reuters/Carlos Barria It's still…

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Slowing growth plus stubborn inflation add up to a headache for Fed officials

The data spells at least a mild stagflationary environment that will make policymaking troublesome.

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Weak economic growth and hot inflation—it's the 'worst of both worlds'

David Donabedian, CIO of CIBC Private Wealth U.S., warned the spike in core inflation seen in the latest GDP report is a major setback for the economy.

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The Daily Chase: Tesla shares jump, retail sales shrink

The Daily Chase: Tesla shares jump, retail sales shrink
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Fashion Institute holds year-end fashion show, announces transfer path with USU

Fashion Institute holds year-end fashion show, announces transfer path with USU
globeslcc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globeslcc.com Daily Mail and Mail on Sunday newspapers.

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