Powell Signals Delay in Rate Cuts Due to Persistent Inflation

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Federal Reserve Chair Jerome Powell said recent inflation data have indicated it will likely take longer for the central bank to attain the confidence needed to lower interest rates.

Markets today: U.S. two-year yield hits 5% after Powell’s remarksBofA Beats Estimates for Trading and Profit Even as Costs SoarHawaiian Electric Hits 40-Year Low Ahead of Maui Fire ReportCanada Inflation Ticks Up to 2.

9% on Higher Gas PricesBrazil’s Light Strikes Preliminary Agreement with CreditorsClimate Risks Fuel Niche Market in Customized Muni-Bond FundsZambia’s Musokotwane Sees Commercial Creditor Deal In MonthsPutin Urges Iran’s Raisi to Avoid ‘Catastrophic’ ConflictEU Report Calls for Telecom Consolidation, Strong Energy MarketBrazil Makes First Ethanol for Green Jet Fuel, Rocking US RivalsTrafigura CEO Says Copper Must Surpass $10,000 to Meet DemandAnnual inflation rate up in March as gasoline...

 

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