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With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy. So what if policymakers just decide to keep rates where they are for even longer, and go through all of 2024 without cutting? ...
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The US dollar advanced in the first half of Wednesday’s session, as the likes of the pound and euro gave back some of the PMI-related gains made in the previous session. However, the Aussie dollar was still holding onto its overnight gains after an unexpected increase in inflation data led to a hawkish reassessment of Aussie interest rates. While the ...
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