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Posts published by “Gaylene Wiers”

Powell to update views on policy as inflation remains sticky

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The latest U.S. inflation data is "along the lines of what we would like to see," Federal Reserve Chair Jerome Powell said on Friday in comments that appeared to keep the central bank's baseline for interest rate cuts this year intact. The personal consumption expenditures (PCE) price