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STORY: From US inflation statistics to Russia’s central bank meeting, here’s the news to watch in business and finance in the coming days.
January’s impressive payroll numbers were just one sign that the U.S. economy was performing better than expected.
The unexpected strength raised alarm at the Fed, threw cold water on expectations for a March interest rate cut, and pushed up Treasury yields and the dollar.
All eyes are therefore on Tuesday’s January inflation numbers.
Any signs that price pressures are picking up steam again could push off bets on rate cuts further.
UK inflation figures will be released on Wednesday.
The Bank of England expects inflation to return to its 2% target this year, but warns it could rise again in the third quarter.
The timing of the first interest rate cut in the money market has been postponed from May to June.
Indonesians head to the polls on Wednesday to choose the next leader of the world’s third-largest democracy.
Three candidates are in the race to replace President Joko Widodo, who has been in power for 10 years.
His policies contributed to the prosperity of the $1 trillion G20 economy.
However, the run-up to the election was not without drama, which has spooked the Indonesian market.
The Central Bank of Russia will hold a meeting on Friday.
Policymakers have raised interest rates by 850 basis points to 16% since July to combat inflation fueled by labor shortages, a weak ruble and high government spending.
Central banks face the difficult task of reining in inflation without increasing borrowing costs for consumers and businesses.
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