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Tesla slashes prices in China, other Asian markets as sales stumble

Tesla slashes prices in China, other Asian markets as sales stumble
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Crunch time after string of aggressive central bank rate hikes

Major central banks have confounded economists with a string of interest rate rises that, so far, have moderated inflation without causing global recession. Now comes the challenge: how to pause monetary tightening without unleashing market exuberance about future rate cuts that would loosen financial conditions and revive price pressures. The European Central Bank on Thursday raised rates by 25 basis points (bps), while the U.S. Federal Reserve next week is expected to keep borrowing costs steady, while trying hard to rein in speculation about future easing. ....

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Central Banks' Rate Hike Push Slips Into August Lull, EM Diverging

Central Banks' Rate Hike Push Slips Into August Lull, EM Diverging
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Central banks' rate hike push slips into August lull, EM diverging | WKZO | Everything Kalamazoo

By Karin Strohecker and Vincent Flasseur LONDON (Reuters) - Central banks across major developed and emerging economies took a breather in August with. ....

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