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Confusing data - April 21, 2023

Confusing data - April 21, 2023

Episode 172 Published 3 years, 6 months ago
Description

Wall Street struggled in early trading as investors are getting confused by the mixed economic data released in the past few days. It’s the usual conundrum: data showing that the economy and the job market are cooling fuels fear of recession but raises hopes of a dovish monetary policy from central banks. Data showing resilience in the economy raises hopes of a soft economic landing, but raises fears that inflation will linger for longer. 

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