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Asian Stocks Drift as Markets Assess Mixed Signals from US Policymakers /
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2024-05-21 08:05:36

Asian Stocks Drift as Markets Assess Mixed Signals from US Policymakers on Nostr: US Dollar Weakens as Inflation Data Shows Mixed Results =============== #0265b35c ...

US Dollar Weakens as Inflation Data Shows Mixed Results
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#0265b35c ver:0.9

The US dollar weakens as inflation data shows mixed results, with consumer prices in line with forecasts but down from the previous month. This fuels speculation of potential interest rate cuts by the Federal Reserve, leading to a rally in Asian markets and record highs on Wall Street. However, retail sales in the US were below expectations, suggesting a step back in consumer spending. The dollar struggles to recover against major peers, while European shares end lower and gold prices edge lower. #USD #inflation #interestrates #markets...

#newstr #UsInflation #BondYields #RiskAssets #Economy #InflationOutlook #CentralBankPolicy #EuroArea #Gdp #Unemployment #Pmi #Riksbank #China #HousingMarket #TariffHikes #Eur

https://here.news/story/0265b35c?ver=0.9
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