US Economy Resilient While Inflation Moderates and Markets Rally Despite Hawkish Fed
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US consumers are in good shape based on recent retail sales and jobless claims data. China's economy saw improved but uneven growth in Q4 2022.
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Inflation remains under control in major economies like the UK and eurozone. Leading indicators suggest it will ease further.
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Central bankers like ECB's Lagarde and Fed’s Waller recently made hawkish comments about not cutting rates too soon.
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The S&P 500 hit a new record high despite rising bond yields, helped by enthusiasm around the tech sector.
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Important economic data scheduled for release next week includes PMIs, central bank decisions, durable goods orders, GDP, and the Fed's preferred PCE inflation gauge.