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Fed’s Bostic expects inflation to keep coming down — but slowly
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Interest rates may need to go higher if the Fed wants inflation at 2%
Easing too soon would likely reignite inflation and require the Fed to hike rates again.MarketWatch - Business - Federal Reserve -
Tesco boss says he is ‘well paid’ as investors vote on £10mn package
Shareholder vote on Ken Murphy’s pay comes as executive remuneration is in the spotlightFinancial Times - Business -
UK public inflation expectations fall to lowest in nearly 3 years
BoE survey will be welcomed by policymakers ahead of interest rate decision next weekFinancial Times - World - United Kingdom -
Mester says Fed needs to see more low inflation readings before cutting interest rates
The president of the Cleveland Federal Reserve said the low inflation readings in May were great news, but the central bank needs to “see that continue a bit longer” before it can cut interest rates.MarketWatch - Business - Federal Reserve -
Goolsbee is thrilled by low inflation readings but says Fed needs more proof that prices are easing
A slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices need to decelerate further to support a reduction in U.S. interest rates.MarketWatch - Business - Federal Reserve -
Come to Our Destination Wedding!
It is impossible to put a price on friendship, but in this case it’s about $6,403.The Wall Street Journal - World -
Paramount Will Keep Its Family Discount
The implosion of a deal with Skydance leaves the media giant alone in a turbulent landscape with an unpredictable controlling shareholder.The Wall Street Journal - World -
Why the Stock Market Has Risen Even With No Fed Rate Cuts
The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.The New York Times - Top stories - Federal Reserve -
Comex Gold, Silver Settle Higher
Gold settled up 1.4%, with silver also rising 1.4% on the day. Both metals posted weekly gains.The Wall Street Journal - World -
Why the Stock Market Has Risen Even With No Fed Rate Cuts
The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.The New York Times - Business - Federal Reserve
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