30 August 2024
tronger US economic data helped ease recession fears. GDP growth for the second quarter came in at 3%, surpassing expectations and up from 1.4% in the first quarter.
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29 August 2024
Investors in general expect the US Federal Reserve to cut interest rates at its September meeting after Fed Chairman Jerome Powell's support expressed readiness to adjust monetary policy going forward.
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28 August 2024
CB Consumer Confidence rose to a six-month high in August as fears of an economic recession eased despite Americans growing increasingly anxious about the labor market, according to data on Tuesday.
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27 August 2024
Investors digested the possibility of US interest rates being cut soon, although oil prices surged amid rising tensions in the Middle East.
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26 August 2024
In highly anticipated comments by market participants before the Jackson Hole Economic Symposium opens, Powell said that the time has come to lower the benchmark interest rate, on the basis that the upside risks to inflation have diminished considerably.
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