US Mortgage Applications Surge, 'Meme-lord' Unveiled, Hungary's Sovereignty Law Sparks EU Legal Battle

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Source: Financial Times
TL;DR Summary

Federal Reserve's Mary Daly emphasizes the need for US demand to "moderate" in order to achieve the central bank's inflation target, indicating that the current high demand may hinder the goal. This statement reflects the ongoing discussions within the Fed regarding the appropriate monetary policy to address inflation and economic recovery.

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