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Fed Faces Dot-Plot Cliffhanger as May Inflation Report Looms

Fed Faces Dot-Plot Cliffhanger as May Inflation Report Looms
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Inflation is high and the central bank is limiting its rate cut plans

Cleveland Fed taps former Goldman Sachs exec as next president

Beth Hammack, who stepped down as the bank's co-head of global finance earlier this year, will take the helm as President of the Federal Reserve Bank of Cleveland later this summer following the retirement of longtime President Loretta Mester.

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