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Market bulls still dominate despite sticky inflation and rate cut doubts
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The Baltimore bridge collapse last week has raised concerns about the potential impact on the US supply chain.
PHOTO: AFP
SINGAPORE - Fears over the Federal Reserve’s commitment to at least three interest rate cuts starting in June have risen slightly over the past week as data showed inflation in the United States to be more sticky than expected.
This is despite the latest Fed-favoured gauge of inflation rising within expectations.
