Inflation expectations steadied in April, but at a level that was much higher than before the war in the Middle East, likely underpinning expectations that the ECB will raise its key interest rate next week.
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Energy Costs Continue to Feed Inflation, Fed’s Beige Book Shows
U.S. businesses endured another month of energy-driven price increases and economic uncertainty in the third month of the Iran conflict, according to a recent survey from the Federal Reserve. Source…
