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Markets working through the weaker data, banking concerns, Fed policy

Markets working through the weaker data, banking concerns, Fed policy
The markets are working through weaker PPI data, weaker jobs data, regional banking concerns, soft or hard landing. Welcome to 2023. PPI came in at 2.3% versus 2.4% as expected and 2.7% last month. The data is now within the range from the pre-pandemic. CPI data remains elevated at 4.9% year on year largely as a result of food and shelter inflation which remains elevated year on year:The initial jobless claims reached the highest level in 19 months (since January 2022):Looking at the US stock m... Read More
Posted: May 11 2023, 13:03
Author Name: forexlive
Views: 092162

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