Boosted market conviction that the Fed is close to the end of its hiking cycle
The widely predicted US recession is canceled. Confidence that a recession can be avoided could increase if real income growth continues to improve, companies start restocking inventories, and the labor market remains robust. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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