The WSJs Timiraos is out with an article titled "The Dreams of Fed rate cuts is slipping away".A summary of the article says:Fed Chair Jerome Powell and Inflation Expectations:Powell has reduced expectations for interest rate cuts.Recent economic reports have consistently shown inflation being more persistent than initially expected, contradicting hopes for significant rate reductions soon.Economic and Inflation Data:Commerce Department data revealed inflation has been stickier than anticipated for three consecutive months, following a period of relative improvement.Growth has been more resilient, with GDP growing at a 1.6% annual rate, while underlying demand suggested a stronger 3% rate.In
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