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| Fed talk subdues dollar as inflation remains focus The U.S. dollar hovered above a 2-1/2-month low versus major peers on Wednesday, as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation. | |
| Overnight Crypto Sensation Sets Out to Undo Internet's Failings The cryptocurrency that shot to a more than $45 billion valuation since it began trading on Monday could be just the tip of the iceberg for a new type of blockchain that hopes to remake how people interact with the world wide web. While the surge in the value ... | |
| Biggest US Gasoline Pipeline Restarts After Cyberattack The largest gasoline pipeline in America is returning to service, recovering from a cyberattack late Friday that raised pump prices and choked fuel supplies across the Eastern U.S.. The Colonial Pipeline -- a critical source of gasoline and diesel for the New ... | |
| Oil prices on track for eight-week high on demand hopes NEW YORK (Reuters) -Oil prices rose more than 1% on Wednesday, putting the contracts on track for their highest close in almost eight weeks, as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy ... | |
| How to Make Sense of the Surprising Inflation Signals The dollar has weakened, making imports more costly. Employers are having to raise wages to fill record openings; the federal government is spending heavily; and consumers emerging from the pandemic are in the mood to light some money on fire. | |
| Wall Street skids on inflation fears; USD, bond yields jump U.S. stocks suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpectedly rose by the highest level in nearly 12 years, prompting bets on earlier interest rate ... | |
| Fed rhetoric restrains dollar as focus stays on inflation The U.S. dollar hovered near a 2-1/2-month low versus major peers on Wednesday, as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation. | |
| Four Reasons To Stop Panicking Over Inflation! Should the Federal Reserve have then stepped in and thrown the economy into a recession so deep that no one could afford alcohol? Or should they allow prices to rise and thereby induce manufacturers to produce more and consumers to seek substitutes? | |
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