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Another soft reading on US inflation could give the Federal Reserve room to slow its pace of interest rate hikes and further boost equities

Stocks mostly up before key US inflation data

Global stock markets mostly rose Thursday before data that is widely expected to show another softening of US consumer inflation, giving the Federal Reserve room to slow its interest rate hikes.
While there is concern about the short-term impact of China's shift away from zero-Covid, traders are optimistic that the economy will enjoy a healthy recovery

Stocks mostly drop as traders track China, US rates

Major stock markets mostly dropped Tuesday as warnings that US interest rates would continue to rise and remain elevated for some time offset growing optimism over China's economic reopening after Covid lockdowns.
Illustration shows U.S. Dollar banknotes

Dollar hovers near seven-month lows after jobs data

The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while China reopening its borders boosted riskier currencies.
The speakership bid has been a high-wire act for Republican Kevin McCarthy, who must keep his party's moderates united behind him while getting opponents on the right on his side

US lawmakers pick leader in high-wire political thriller

US Republican leader Kevin McCarthy was a simple up-or-down vote from realizing his dream of becoming one of the country's top statesmen on Tuesday -- in a cliffhanger worthy of TV drama "House of Cards" that could as easily end with his career in tatters.
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