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Markets cheer earnings results ahead of expected Fed rate hike
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The big event this week is the rate-setting Federal Open Markets Committee meeting due on July 25-26.
PHOTO: REUTERS
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SINGAPORE – The earnings season in the United States started on a generally positive note last week, providing an uplift for markets that are awaiting a rate hike of 25 basis points (bps) by the US Federal Reserve
Inflation appears to be cooling, and we are not seeing signs of a deep economic recession as feared.
