BoJ Governor Ueda Poured Cold Water on Those Expecting Imminent Shift

Markets Several Fed central bankers saw confirmation in yesterday’s PCE deflators (headline 0.3% m/m, 2.4% y/y – core 0.4%, 2.8%) that rate cuts would be appropriate later this year. But a bumpy return towards the 2% target and ongoing economic strength mean there’s no urgent need to do so. Narrower inflation gauges including the likes […]

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