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US | Is it time to reassess Central banks' pivot guidance?
US Producer prices rose by more than projected in April. However, key components that feed into the Federal Reserve's preferred inflation gauge were more muted. Still, Fed chair Jerome Powell said the US Central bank must be patient and wait for evidence that inflation continues to cool. This is when the US household debt hit a record, with more borrowers struggling to keep up. Yet, the US Central bank is hesitant to commit to rate cuts explicitly. Watch in for more details!
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