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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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European Central Bank keeps rates on hold in the face of inflation threat CNBCRising Fuel Prices Force Policymakers to Weigh Excruciating Choices The New York TimesECB keeps rates unchanged after debating possible hike ReutersMonetary policy decisions European Central BankLagarde Signals ECB to Consider June Hike After Latest Hold Blo
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Powell to remain as Fed governor, denying Trump a key vacancy AxiosFed holds rates steady but with highest level of dissent since 1992 CNBC‘They left me no choice': Powell isn't going anywhere—blocking Trump from another Fed appointee FortuneThe Fed will have a new leader, but Powell isn't leaving and that puts Trump's low interest rates on ice The Boston Globe
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The Federal Reserve also on Wednesday left interest rates unchanged for its third straight meeting amid higher energy costs.
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