The latest US sales data and GDPNow data signals the potential for higher rates, with some now talking about 5%, as Fed officials talk up more rises in the months ahead.
Results from retail were weaker, and some high-tech also, but markets are beginning to think about higher rates again, after the Fed continues to battle inflation. Mary Daly says a pause is off the table.
As a result, the markets had another down day.
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