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Colombian Inflation Unexpectedly Accelerates for a Second Month

(Bloomberg) -- Colombian inflation unexpectedly accelerated for a second straight month, making it less likely that the central bank will back the government’s calls for interest rate cuts at its March meeting. Most Read from BloombergNJ College to Merge With State School After Financial StressTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Where New York City's Zoning Reform Will Add HousingHow Upzoning in Cambridg

Fed Chair Powell signals possible tweaks to 'dot plot' rate-path forecasts

(Reuters) -Federal Reserve Chair Jerome Powell on Friday signaled potential changes for the Fed's closely watched "dot plot" interest-rate projections as part of a broad policy framework review underway at the U.S. central bank and expected to wrap up by the end of summer. "On the communications...particularly our post-meeting communications, we're going to take a close look at the SEP and also compare ourselves to what other central banks around the world do," Powell said at a research conference in New York, referring to the Fed's summary of economic projections. That is the Fed's quarterly report on what each of its 19 policymakers expect for economic growth, the unemployment rate, inflation, and the Fed's own policy rate over the next several years.

Trump tells crypto leaders at White House summit he's committed to helping their industry

President Donald Trump said Friday he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration. “I thought it was very important that we stay in the front of this one,” Trump said at the first-ever White House “Crypto Summit.” A former crypto-skeptic, Trump has warmly embraced an industry that’s shown him significant love in return and spent heavily to help him win last year’s election.