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Risk Aversion Persists as Investors Get Ready for U.S. PPI Release
Any sense of investor complacency after Thursday’s CPI figures was squelched by San Francisco Fed President Daly’s cautionary remarks that sustainable price stability will remain elusive without less labor market tightness. An enduring impact of former Fed Chairman Volcker’s victory over inflation forty years ago is that higher-than-desired U.S. inflation provides support for the dollar. […]...
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Posted: Aug 11 2023, 12:26
Author Name: feedburner
Views: 022263