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Fed seen on hold until June, with rate-cut pace in focus

By Inquirer - 8 months ago
A second straight month of stronger-than-expected inflation has effectively shut the door on the possibility of a Federal Reserve interest-rate cut before June, and makes back-to-back reductions after that look increasingly less likely. Gasoline and shelter prices drove the February consumer price index up 3.2 percent versus a year earlier, an acceleration from January’s 3.1

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