Ebbing Oil Prices, Strong Retail Sales Boost Hopes of Soft Economic Landing
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Ebbing oil prices helping boost optimism on cooling US inflation and economy, with latest data showing sharp drops in producer and consumer prices.
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Retail sales holding up well, with positive outlooks from major chains like Target heading into holiday season.
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Markets rising on "soft landing" hopes, with stocks hitting 2-month highs and investors betting against further Fed rate hikes.
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Focus remains on housing market resilience, with new home price and housing sentiment data due.
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Little progress from Biden-Xi meeting on US-China relations despite detente; concerns remain on China economy and property sector.