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Gold prices climbed higher on Friday as the dollar turned weak against most of its major rivals after Fed Chair Jerome Powell signaled a likely pause in interest rate hikes next month.
Joe Biden's reassuring words on the US debt ceiling talks boosted US indices. He said he's "confident" that a debt ceiling deal will be reached that will prevent a U.S. default. | 09:17am
2. Even though investors bought hope of a possible breakthrough on US debt ceiling impasse when Biden and McCarthy meet today, McCarthy warned that they ‘are nowhere near reaching a conclusion’. The negotiations will likely remain tight as Republicans ask decent spending cuts to accept a debt ceiling relief, while Biden is not willing to compromise on spending into the election year. Therefore, even if Biden was to blink, he’d better do it at the last minute – to show his electors that he did his best to avoid an otherwise unavoidable default. Anything else would probably be a politica...
Consumers' long-term inflation expectations jumped to their highest since 2011
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