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U.S. imports increased 0.9 percent in April, after advancing 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Higher fuel and nonfuel import prices contributed to the overall rise. Prices for U.S. exports increased 0.5 percent in April following a 0.1-percent advance the previous month. The price index for U.S. imports advanced 0.9 ...
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With no slowdown in sight for the US economy, the Fed will need to see several months of even slower price data before cutting rates. September is probably too soon, and we now expect the first US cut in December whereas the ECB will start in June. Chairman Powell outlined the Fed's reaction function at their latest post-meeting press conference. To start ...