Inflation expectations steadied in April, but at a level that was much higher than before the war in the Middle East, likely underpinning expectations that the ECB will raise its key interest rate next week.
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The acceleration was due largely to another month of steeper prices for gasoline, though core measures of inflation remain contained. Source link
Japan spent more than $73 billion between April 28 and May 27 to lift its currency relative to the dollar. Source link
