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Fed's Musalem says it's risky to bet that AI will ease inflation

Fed's Musalem says it's risky to bet that AI will ease inflation

May 28 (Reuters) - St.
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Fed's Cook says she is prepared to raise rates if inflation doesn't ease

Fed's Cook says she is prepared to raise rates if inflation doesn't ease

By Ann Saphir May 27 (Reuters) - Federal Reserve Governor Lisa Cook on Wednesday said she feels the U.S. central bank should hold short-term interest rates steady for now but, with tariffs, the Iran war and a surge in AI-related investment pushing prices higher, she is prepared to hike rates if
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Fed's Goolsbee says oil shock could exacerbate inflationary impulse of AI hype

Fed's Goolsbee says oil shock could exacerbate inflationary impulse of AI hype

May 28 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday amped up his warning that mounting expectations for the productivity-boosting potential of AI could send inflation higher and force the Fed and other central banks to raise interest rates.
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US mortgage rate rises to nine-month high

US mortgage rate rises to nine-month high

May 27 (Reuters) - The rate on the most popular U.S. home loan rose to a nine-month high last week, as the Iran war kept oil prices elevated, fueling inflation concerns and pushing benchmark U.S. Treasury yields higher. 
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Morning Bid: Three months, and counting

Morning Bid: Three months, and counting

By Mike Dolan May 28 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets It’s now a full three months into the Iran war, and the United States, Israel and Iran are still engaged in military action, while oil is still hovering near $100 per
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Top analyst hurls new warning on Fed rate-hike odds

Top analyst hurls new warning on Fed rate-hike odds

It ain’t pretty. Kevin Warsh’s first week as Federal Reserve Chair comes packed withhawkish expectations both inside and outside the central bank that geopolitical and economic factors may cause the Fed to raise the benchmark Federal Funds Rate sooner than later instead of a long-expected cut to ...
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Key inflation gauge worsens as Americans' income and spending power erodes

Key inflation gauge worsens as Americans' income and spending power erodes

A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances
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Fed's Jefferson says monetary policy is 'well positioned' amid inflation risks

Fed's Jefferson says monetary policy is 'well positioned' amid inflation risks

By Michael S. Derby May 27 (Reuters) - Federal Reserve Vice Chair Philip Jefferson said on Wednesday that the current setting of monetary policy is in the right place amid ongoing upside risks to the inflation outlook.
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Fed's Williams reiterates rate policy is in right place given outlook

Fed's Williams reiterates rate policy is in right place given outlook

By Michael S. Derby NEW YORK, May 28 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday central bank monetary policy is in the right place given the outlook, adding he expects inflation to be high in the near term with the pressures easing later in the year.
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Federal Reserve's Kashkari Prioritizes Inflation Control Over Labor Market Stability

Federal Reserve's Kashkari Prioritizes Inflation Control Over Labor Market Stability

Federal Reserve's Kashkari Prioritizes Inflation Control Over Labor Market Stability
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Morning Bid: Wrong sort of 'boom' to start the week

Morning Bid: Wrong sort of 'boom' to start the week

By Mike Dolan May 26 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets After a long weekend in the United States and many other countries, markets returned ready to cheer signs that an Iran peace plan was near agreement, with world crude
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Kevin Warsh Sworn in as Federal Reserve Chair Amid Calls for Independence

Kevin Warsh Sworn in as Federal Reserve Chair Amid Calls for Independence

Kevin Warsh Sworn in as Federal Reserve Chair Amid Calls for Independence