Fed's Kugler: I continue to support maintaining rate if upside inflation risks remain ...Middle East

Front-loading of imports makes judging economic activity difficultExpects reversal of import surge in the coming months to signal larger price increasesNon-traditional data says might be seeing some moderation in growth but not a significant slowdownCore services inflation still above pre-pandemic rate, progress on core goods has reversedWarn notices of layoffs have ticked up since the start of the year, as have layoff mentions in Beige Book

She sounds cautious on the economy but still not in a rush to cut rates.

This article was written by Adam Button at www.forexlive.com.

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