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Cleveland Fed official Beth Hammack stated that corporate pricing power and economic resilience indicate interest rates are not restrictive enough to curb inflation.
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Previous: Attacks in the Strait of Hormuz escalate as US Central Command bombs a cargo ship attempting to breach the blockade, and Iran's Revolutionary Guard warns oil tankers to comply with regulations.
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Next: Trump announced a Russia-Ukraine energy ceasefire, stating that both sides have agreed to immediately halt attacks on energy infrastructure.
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