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Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to prop up the ailing currency in the wake of a central bank decision that reaffirmed accommodative monetary policy. With the yen already much weaker than it was then, and US interest rates unlikely to come down anytime soon, the mere lack of any hawkish ...
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The March Personal Consumption Expenditures price index is forecast to show a mixed picture of inflation trends, potentially reinforcing the Federal Reserve’s resolve to hold off on interest rate hikes. Analysts expect the overall PCE Price Index to rise slightly on a year-over-year basis to 2.6% from 2.5% in February, according to FactSet. However, they ...
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