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Market Gains Amid Cooling Inflation | Sydney News
Description
The stock market’s on a hot streak, fueled by strong earnings from giants like BlackRock and BNY Mellon, plus cooling inflation that’s easing Fed rate hike fears. Traders now see a much lower chance of a rate hike next month, even as the New York Fed president hints inflation may have peaked. But geopolitical tensions in the Middle East keep rattling energy prices and adding uncertainty. Meanwhile, global tech—especially AI—surges back, proving it’s still the engine of growth despite recent market jitters.
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