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New US inflation data 'along the lines' of what Fed wants, Powell says WASHINGTON (Reuters) -The latest U.S. inflation data is "along the lines of what we would like to see," Federal Reserve Chair Jerome Powell said on Friday in comments that appeared to keep the central bank's $DK (Delek US Holdings Inc) for interest rate cuts this year intact. Source: www.investing.com/news/economy/powell-to-update-views-on-policy-as-inflation-remains-sticky-3358046 $SPY $QQQ $DIA.US