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A Final Fed Hike & Recession

It's all about the Fed - 25 bps rate hike confirmed, but higher recession risks. Also, the Asia Week Ahead: RBA policy meeting plus regional trade data, and more.

April 30, 2023

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With data showing inflation is falling, the Federal Reserve can take a breather following next week's predicted rate rise. Wall Street soared and benchmark Treasury rates fell after robust earnings reports over the past the week.

After Amazon warned of a potential slowdown at the beginning of Friday's session, which echoed Thursday's weaker-than-expected first-quarter US GDP data, the market had a rough start.

But Wall Street stocks ended Friday, the week and April higher.

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