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Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
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A key measure of inflation used by the Federal Reserve to set interest rates posted the biggest increase in March in almost three years, marking another major hurdle for a resilient but harried U.S. economy.
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Core inflation is too sticky for the Fed to ease and it's likely to remain that way until events in the Middle East stabilize, says Morgan Stanley.
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