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Prices at the Pumps - March 20, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesCentral bank meetings in Sydney, Washington and Tokyo concluded this week with, respectively, few surprises, little changed and a total but expected revolution in policy.
Analysis from the St Louis Fed shows the franc's broad effective exchange rate is the highest in at least 30 years. Markets price about a one-third chance of a rate cut, meaning it would likely trigger a noteworthy reaction if it happened. Meanwhile investors were cheering the Fed's decision to stick with projections for three rate cuts this year. Rates were held steady, as expected, though price pressures persist.
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