Inflation Cooled in March, but Stubborn Price Increases Remain

Inflation Cooled in March, but Stubborn Price Increases Remain

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The central bank meets on May 3 to make its next policy decision, and officials are widely expected to raise rates by a quarter percentage point to just above 5 percent. Markets will be just as focused on what they signal for the future: Central bankers forecast in March that they might stop…

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