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The US economic calendar is brimming with activity this week, with the Federal Reserve reacting to rising PCE, PPI, and CPI inflation data.Additionally, a raft of earnings reports from more than 20% of the S&P 500 will be coming in this week.All eyes are on Federal Reserve chair Jerome Powell who kicks off a two-day meeting on Tuesday. Federal Open Market Committee policymakers are expected to keep rates at 5.25% to 5.5% when it concludes on Wednesday.
Powell will hold his usual press conference on Wednesday to discuss the details of the decision and the current frustrating inflation pressures.
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