Inflation has not fallen near where the Fed hopes, and consumer sentiment is souring — bad news for Biden, who is working to shore up support in an election year.
Both in the Asian-Pacific and the European session, the main equity indices are in the red. However, losses in Europe remain contained to an average of 0.50%.
US equity indexes rose after midday Friday as investors weighed the strength in the monthly consumer sentiment and durable goods data. The Nasdaq Composite climbed 1.1% to 16,913.1, with the S&P 500 ...
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