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Stubbornly High Inflation Doesn’t Allow RBA to Cut Interest Rates Anytime Soon
Source: Buzz FX / 24 Apr 2024 02:31:19 America/Chicago
Markets
Disappointing April US PMI’s triggered some short covering in US Treasuries. The composite PMI declined from 52.1 to 50.9 (vs 52 consensus) with both manufacturing (49.9 from 51.9) and services (50.9 from 51.7) contributing.
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