GLOBAL MARKETS-Stocks, dollar gain on allure of Fed soft landing
Yahoo! Finance
World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer an economic soft landing and reduce its pace of aggressive monetary tightening next week. U.S. consumer spending fell for a second straight month in December, a Commerce Department report said, which also showed the smallest gain in personal income in eight months that partly reflected moderate wage growth - booth good signs for inflation. "Equiti...
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