Fed’s Preferred Inflation Gauge Is Set to Back Rate-Cut Patience

-- Federal Reserve officials are about get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated.TikTok Divest-or-Ban Bill Expected to Become US Law in Days

Elsewhere, the Bank of Japan’s decision will be scrutinized for hints of future rate hikes, Turkish officials may keep borrowing costs on hold, Germany’s Ifo business index might signal improvement, and countries from Australia to Mexico are set to release inflation numbers. Back in Europe, several colleagues are scheduled to speak in the coming days. Among them will be ECB Executive Board members Isabel Schnabel and Piero Cipollone, and governors including Joachim Nagel, Francois Villeroy de Galhau and Fabio Panetta.

South Africa’s central bank on Tuesday will publish its biannual monetary policy review, providing guidance on its inflation and interest-rate outlook.On Tuesday, Hungary is poised to further slow cuts to the European Union’s highest rate as officials confront multiple risks while trying to shield the volatile forint.Also on Thursday, Turkish officials may keep the key rate at 50% after a surprise hike last month.

On the monetary policy front, Paraguay’s central bank is seen trimming borrowing costs for a ninth straight meeting, to 5.75%, before taking a breather at its May gathering. The early consensus sees a sub-4% reading, well within the 1.5%-to-4.5% tolerance range but still well over the 3% target.What Really Happens When You Trade In an iPhone at the Apple StoreNEW YORK — He seems "selfish and self-serving,” said one woman. The way he carries himself in public "leaves something to be desired," said another. His “negative rhetoric and bias," said another man, is what is “most harmful.

Marjorie Taylor Greene's Ukraine bill amendments were met with scorn, with one colleague calling for her appointment as "Putin's Special Envoy."Fox News Anchor Reminds GOP Senator That Trump Killed His Border Deal

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