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MARKET WRAPS Watch For: EU GDP, employment; Germany industrial production index; France foreign trade, balance of payments; Italy industrial production, retail sales; UK Halifax House Price...
Investors weigh the expected fall in interest rates against economic downturn worries
Inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and solid gains for the market next year.
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Hopes that an economic soft landing will lead the Federal Reserve (Fed) to pull back on interest rates have ignited Wall Street’s appetite for stocks, despite concerns of slowing growth and the potential of an inflationary rebound in 2024.