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It's been a slow start to what will be a holiday-shortened week for many centres, though that won't stop the U.S. from releasing the Federal Reserve's favoured inflation measure on Friday even as markets there are shut. Anything higher would be taken as a setback to hopes for a Fed rate cut in June, which was put back on the menu last week when Fed chair Jerome Powell sounded relaxed on the inflation outlook. Powell will participate in a moderated discussion at a policy conference on Friday, while Fed governors Lisa Cook and Christopher Waller are also appearing this week.
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