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On April 22, data released on Wednesday revealed that the UK's CPI inflation rate rose from 3.0% in February to 3.3% in March, indicating an initial impact of the Middle East conflict on prices. Before the U.S. and Israel took action against Iran, the Bank of England stated that the inflation rate in the UK is likely to approach its 2% target level in April. However, last month the Bank of England significantly raised its inflation expectations due to the shock from energy prices, predicting that the inflation rate will rise to around 3.5% by mid-2026. The International Monetary Fund forecasted last week that the UK's inflation rate will peak at 4% in the coming months. Nevertheless, most of the Bank of England's rate setters indicated that it is still too early to determine how the overall rise in inflation will affect potential price pressures in the economy, given the current poor state of the labor market, which may make it harder for workers to demand higher wages or for businesses to pass on higher costs to consumers. (Dongxin News Agency)

Kumar stated that Kevin Walsh supports lowering interest rates and reducing the balance sheet, which is basically in line with market expectations. He said, "Our view remains that, under Kevin Walsh's leadership, the Federal Reserve will take a more accommodative stance on interest rates." "We maintain our outlook that the Federal Reserve will cut interest rates twice, though we acknowledge that these two rate cuts may not happen this year."

ChainCatcher reports, according to GMGN data, the Meme token WOJAK on the ETH chain briefly reached a new all-time high in market capitalization, now quoted at 43.19 million US dollars, with a daily increase of over 100%.