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US Rep. Hern (R) says Fed Chair Powell, in a meeting, indicated one more interest rate hike this year Powell told House GOP that supply chain inflation has been mostly mitigated.
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US Pending Sales Change MM (Feb) 0.8% vs. Exp. -2.3% (Prev. 8.1%)
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Morning Market Report – 29 March 2023
Welcome to our daily financial report, where you can find the latest news and updates about the stock market.
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End of day report March 28th
A quieter day by comparison as the SVB dissection continues, with Vice Chairman Barr being grilled by congress today & tomorrow!
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French prosecutors raid banks over dividend tax evasion allegations
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FBN’s Gasparino, citing sources, tweets, “Even as shares of FirstRepublic (FRC) rebound mood inside the bank remains grim as the hole in its balance sheet is estimated at as high as USD 12bln”
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US Monthly Home Price Index* (Jan) 393.2 (Prev. 392.1, Rev. 392.4)
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US Wholesale Inventories Adv * (Feb) 0.2% (Prev. -0.4%, Rev. -0.5%)
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US Retail Inventories Ex-Auto Adv * (Feb) 0.4% (Prev. 0.1%)
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Morning Market Report – 23 March 2023
Start your morning by tuning in to our live financial report for the latest insights into the trading markets.
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