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Asian Stocks Drift as Markets Assess Mixed Signals from US Policymakers /
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2024-05-21 06:02:46

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:0.89

The US dollar weakens as inflation data shows mixed results, with consumer prices in line with forecasts but down from the previous month, signaling a slowdown. 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 #UkLaborMarket #DollarWeakening #GoldPrices #CryptoFraud

https://here.news/story/0265b35c?ver=0.89
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