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Share markets gained in May as the US Federal Reserve suggested that the next move in interest rates will be down, and announced a reduction in the pace of their balance sheet tightening.
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MARKET SUMMARY for 7th March 2024 AUTHOR: Allan Grant and Ian Holliday
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Market participants remain keenly focused on consumer inflation, believing that central banks such as the RBA will start to cut official rates once it’s apparent inflation is under control.
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