Richmond Fed President Thomas Barkin's said overnight that the pace of disinflation has possibly stalled. "We're going to need a little more edge off of demand to get all the way" back to target, he added. Despite these challenges, he expressed optimism regarding the current level of the benchmark policy rate, indicating confidence that it will effectively address inflation.
USD/CAD rebounds above 1 3650 amid firmer US Dollar, lower crude oil prices
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Gold Analysis Today 07/05: New Buying Levels (Chart)
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Taiwan shares end up as major tech stocks continue to rise
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