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ASX to drop; Wall Street falters after US economy suffers slowdown

The ASX is set to drop as Wall Street took fright after US economic data revealed “the worst of both worlds” - a slowdown in the economy and inflationary pressure.

New-york , United-states , Australia , Germany , London , City-of , United-kingdom , American , Janet-yellen , Jeffrey-roach , Thomas-feltmate , Reuters

Blowout U.S. jobs report tempers market and economist views on when BoC rate cuts will begin

Unexpectedly strong labour report has shifted market forecasts of Bank of Canada interest rate moves. What economists are saying

United-states , Canada , Canadian , American , Royce-mendes , Ali-jaffery , Scott-anderson , Thomas-feltmate , Royal-bank , Federal-reserve , Log-increate-free , Refinitiv-eikon

January nonfarm payrolls: Parsing the US jobs data: 'Head-scratching numbers'

The early read is that a March rate cut is “dead”, perhaps May too, after hiring unexpectedly shifted into a higher gear to start 2024.

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Fed Set to Double Its Economic Growth Forecast After Strong US Data

Fed Set to Double Its Economic Growth Forecast After Strong US Data
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Fed set to double its economic growth forecast after strong US data

One widely-followed, unofficial estimate produced by the Atlanta Fed even has it expanding 5.6% on an annualised basis in the third quarter.

China , Chicago , Illinois , United-states , Omair-sharif , Anna-wong , Christopher-waller , Stephen-stanley , Thomas-feltmate , Td-bank-group , Inflation-insights , Bloomberg

Fed set to double its economic growth forecast after strong U.S. data

The U.S. economy has been looking so solid lately that Federal Reserve officials will probably need to double their projection for growth in 2023 when they publish an updated outlook

Boston , Massachusetts , United-states , Chicago , Illinois , China , Omair-sharif , Anna-wong , Thomas-feltmate , Stephen-stanley , Christopher-waller , Susan-collins

ASX 200 LIVE: ASX to open flat; Wilsons lifts Neuren price target

Shares edge lower at open; Wilsons lifts Neuren price target; IGO flags $880m to $980m impairment; Whitehaven expects higher production costs in FY23. Follow here for more.

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'The Fed has more room to keep rates on hold': How markets and economists are reacting to today's U.S. inflation report

Traders place greater odds on no further hike in Fed policy rate

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ASX to fall; US inflation still above Fed target

Australian shares are set to fall as US CPI data overnight showed inflation cooling but fears over inflationary pressure still haunt investors.

New-york , United-states , United-kingdom , Washington , Germany , Japan , Australia , China , Bill-adams , Jeffreyj-roach , Sushil-wadhwani , Tucker-carlson

5 key takeaways from the February US jobs report | News, Sports, Jobs

5 key takeaways from the February US jobs report | News, Sports, Jobs
faribaultcountyregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from faribaultcountyregister.com Daily Mail and Mail on Sunday newspapers.

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