Why Inflation, Exchange Rates Move In Opposite Directions
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May 1 (UPI) — The Federal Reserve Wednesday voted to keep interest rates unchanged, in line with expectations as inflation remains above the central bank’s 2% threshold. The Federal reserve’s Federal Open Market Committee said in a statement that the central bank left interest rates for overnight bank borrowing within a range of 5.25%-5.5%. With CPI inflation at 3.5%, the […] The post Fed leaves interest rates unchanged amid inflation rate higher than 2% target first appeared on Gephardt Daily.
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Indirect impacts of exchange rate movements can affect everything from business liquidity to holiday money.
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By Stefanno Sulaiman and Gayatri Suroyo. JAKARTA (Reuters) - Indonesia's annual inflation rate cooled slightly in April as pressure from...