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US bank shares rise after inflation data

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By Manya Saini (Reuters) – Shares of U.S. banks rose on Tuesday after inflation data backed the view that the Federal Reserve will keep interest rates unchanged on Wednesday while leaving the door open for more hikes later that will further... Read More.

Oil prices rise 3% after China rate cut

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By Stephanie Kelly NEW YORK (Reuters) -Oil prices climbed 3% on Tuesday, recovering from steep losses the previous session, after China’s central bank lowered a short-term lending rate for the first time in 10 months. The rate cut, aimed at adding momentum to a hesitant post-pandemic... Read More.

Fed still waiting on a core services price crash

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By Howard Schneider WASHINGTON (Reuters) -Hotel executives see no letup in demand even with the Federal Reserve trying to stomp on spending. Air travel is hovering near or above 2019 levels, restaurant attendance is holding up, and based on the most recent Fed household data... Read More.

Stocks jump after U.S. CPI soothes rate hike worries

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By Samuel Indyk LONDON (Reuters) – Global shares rose and the U.S. dollar dropped on Tuesday, after pivotal U.S. inflation data showed consumer prices rose at a slower-than-expected pace in May, providing the Federal Reserve with ammunition to pause its tightening... Read More.
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