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A Reuters poll of economists on June 26 indicated that the U.S. Federal Reserve will maintain its benchmark interest rate for the remainder of the year, defying financial market expectations for two hikes. This forecast occurs as inflation runs above 4%, its highest in over three years and double the Fed's target, amidst solid growth and improving labor market conditions. Earlier on June 25, Thailand issued an arrest warrant for a Chinese businessman implicated in a transnational crypto-investment fraud, alleging he was part of a network that laundered money through illegal cryptocurrency mining; this case was featured in a Reuters investigation. Also on June 25, Jane Barrett, who leads AI transformation efforts at Reuters and was recently named Head of Product, spoke at the World News Media Congress. She noted a significant gap between leaders' understanding of AI initiatives and how employees perceive them. Separately, a Reuters poll published on June 25 revealed that short bets on the Indonesian rupiah and Indian rupee retreated from multi-month peaks, with normalizing oil prices and central bank measures to attract foreign capital easing pressure on the currencies.
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