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Mohamed Abdelhamid

US October wholesale inventories surge

The Commerce Department said on Thursday that wholesale inventories accelerated 2.3%, instead of 2.2% as estimated last month. Stocks at wholesalers increased 1.4% in September.US wholesale inventories increased a little bit more than expected in October, suggesting that the restocking of warehouses could again support economic growth during the current …

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T-Yields Lower Ahead CPI Data

Most Treasury yields turned lower on Thursday, as US stocks relinquished some ground following three straight days of gains.Meanwhile, bond investors are awaiting the US November consumer-price index report on Friday and a Federal Reserve policy meeting next week.Treasuries dated three years and out were seeing some modest buying on …

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Poll: Fed to lift rates in Q3 2022,

Reuters’ survey of economists cites persistently higher inflation to mark the shift in expectations for lift-off to Q3 from Q4 next year. Even so, “Rising COVID-19 cases around the world and the emergence of the Omicron coronavirus variant, along with renewed restrictions in some countries underscore that the pandemic is …

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