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Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy is well-positioned and expects inflation to come down. Speaking with Mike McKee on Bloomberg Television, Mester also says three rate cuts in 2024 is probably no longer appropriate.
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The dollar was firm on Tuesday while the yen struggled on the weaker side of the 156 level, though trade was mostly rangebound as investors generally stuck to their views of the expected timing and extent of Federal Reserve rate cuts this year. Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether ...