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Exclusive: Fed s Bullard discounts recession talk, favors more rate hikes

The U.S. central bank should continue raising interest rates on the back of recent data showing inflation remains persistent while the broader economy seems poised to continue growing, even if slowly, St. Louis Federal Reserve President James Bullard said.

Southwest asks U S FAA to pause the airline s departures

Southwest Airlines Co's flights resumed operation Tuesday after a one-hour nationwide stoppage, which the U.S. airline said was caused by a firewall failure.

Gold rises on dollar pullback; clarity on Fed policy awaited

Gold prices rose on Tuesday after two sessions of losses as the dollar eased, while investors sought more clarity on the U.S. Federal Reserve's monetary policy stance.

BofA profit beats estimates as it cashes in on higher interest rates

Bank of America Corp's first-quarter profit beat analysts' estimates as it collected hefty interest payments from customers, while its bond traders had their best quarter in a decade.

Canada s inflation rate slows to 4 3% in March, slowest pace since 2021

Canada's annual inflation rate eased in March to 4.3%, its slowest pace in 19 months but still more than double the Bank of Canada's 2% target, data showed on Tuesday.

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