nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqvap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aesst3mr8r
STOCKS FALL, DOLLAR RISES AS DATA DAMPENS POLICY EASING HOPES

https://media.zenfs.com/en/reuters-finance.com/ed0ce2bf9bc991c9d34813b805836ade
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✍️  MSCI's global equities gauge lost ground as investors worried about the Federal Reserve's response to strong US economic data, while the dollar rose and US Treasury yields increased.
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👉 The US economy grew faster than expected in the second quarter, with GDP increasing at an annualized rate of 3.8%
👉 MSCI's global equities gauge fell 0.63%
👉 The dollar rose against other currencies, including the euro and yen
👉 US Treasury yields increased, with the 10-year note yield rising 2.5 basis points to 4.172%
👉 Comments from Fed officials suggested a mixed outlook for interest rate cuts

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#AustanGoolsbee #StephenMiran #MaryDaly #MattStucky #MollyBrooks #NewYork #London #Washington #Sydney #business
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