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Sooner rate cuts may fuel economic wave, undo inflation progress: Fed’s Bostic

Sooner rate cuts may fuel economic wave, undo inflation progress: Fed’s Bostic

© Reuters Investing.com — Atlanta Fed President Raphael Bostic said Monday that more progress would be needed to back interest rate cuts flagging the risk that expectations for sooner rate cuts could spark a wave of economic activity, undoing the central bank’s recent progress on curbing inflation  “I need to see more progress to feel fully confident that…

Pakistan’s Shehbaz Sharif takes oath as prime minister, directs team to talk with IMF

Pakistan’s Shehbaz Sharif takes oath as prime minister, directs team to talk with IMF

© Reuters. Pakistan’s newly elected Prime Minister Shehbaz Sharif, delivers speech after elected as Pakistan’s prime minister for second term, in the National Assembly building in Islamabad, Pakistan March 3, 2024. Pakistan National Assembly/Handout via REUTERS ISLAMABAD (Reuters) -Pakistan’s Shehbaz Sharif took the oath on Monday to officially become prime minister for a second time,…

Dip in euro zone inflation bolsters case for ECB easing

Dip in euro zone inflation bolsters case for ECB easing

© Reuters. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS/Johanna Geron/File Photo FRANKFURT (Reuters) -Euro zone inflation dipped further this month, strengthening the case for the European Central Bank to start easing interest rates from record highs later this year, even if data suggest a much slower decline in underlying…