Despite the latest data showing general economic resilience and disinflation, investors remained wary amid a steepening of the yield curve.
United States inflation data for July released last week showed core inflation coming in at 4.7 per cent, giving rise to some hope that the Fed’s rate hike cycle could be peaking soon. This is still well above the Federal Reserve’s 2 per cent target.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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Walmart leads retailers shining spotlight on key market signalLast quarter, a bevy of retailers like Target and Macy’s held a cautious view. But this is changing Read more at straitstimes.com.
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