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The U.S. economy will likely meet the threshold for tapering its asset purchases sooner than people think, said Dallas Fed President Robert Kaplan, who has penciled in an interest-rate increase next yearEurope’s private-sector economy is booming, accompanied by mounting inflation pressures as virus restrictions loosen. Italian premier Mario Draghi insisted euro-area fiscal rules can’t return to pre-pandemic status, throwing down a gauntlet to GermanyBank of Canada Governor Tiff Macklem is in the final stages of a mandate review that could see him request more authority from Prime Minister Justin Trudeau’s government to run the economy hotSaudi Arabia’s Energy Minister said the OPEC+ alliance has a role in “taming and containing” inflationary pressures, just hours after Brent crude surged back above $75 a barrelThe Philippines is expected to keep its benchmark interest rate on hold to support a fragile economic recovery as inflation steadiesJanet Yellen sa
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