Markets Await Signs on Interest Rates as Central Banks Caution on Inflation
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Markets await comments from Fed Chair Jerome Powell for signals on whether global interest rates have peaked.
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ECB chief economist Philip Lane said more progress needed in dampening inflationary pressure.
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Philadelphia Fed President Patrick Harker said a policy rate decrease unlikely in the short term.
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China consumer prices fell and factory-gate deflation persisted in October, indicating economic struggles.
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U.S. and UK regulators approved Eli Lilly's weight-loss drug Zepbound, rival to Novo Nordisk's Wegovy.