abc.net.au/news/asx-markets-business-live-news-1101-2023/101839274US stocks have made modest gains after the Federal Reserve boss Jerome Powell says the US central bank may need to make unpopular decisions to reduce inflation, and the World Bank has warned the globe is teetering on the brink of recession.
Follow the day's financial news and insights from our specialist business reporters. And let us know if there's anything you'd like to know?Markets snapshot at 7:30am AEDTNasdaq: 10,706 up 0.7 per centFTSE: 7,695 down 0.4 per centBrent crude: $US80.18 a barrel up 0.7 per cent
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we dun been in a recession for about a year!
Of course they edge higher when it's workforce is basically indentured workers.