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Japan’s benchmark Nikkei 225 lost 0.8% in morning trading to 35,867.33, while Australia’s S&P/ASX 200 lost 0.3% to 7,989.90. All told, the S&P 500 rose 24.47 points to 5,495.52. The Dow dropped 92.63 to 40,736.96, and the Nasdaq composite added 141.28 to 17,025.88. The Fed is turning its focus away from stifling high inflation and toward protecting the economy. The debate on Wall Street is focused on how much the Fed will cut the federal funds rate, which has been sitting at a two-decade high.
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Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
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