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The Fed hiked rates above 5%, and yet the US economy doesn't break. Back in 2022 already, the yield curve inverted and it has stayed inverted ever since. The lags looked relatively short, and the US economy was going through a soft patch in 2023 when it became consensus that a recession was gonna happen. Something even broke in markets (regional banks), and ...
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U.S. stocks edged back from their record heights Thursday after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time. The Dow slipped 38.62 points, or 0.1%, to 39,869.38. The S&P 500 index, which is much more widely followed on Wall Street, dipped 11.05, or 0.2%, to 5,297.10, and the Nasdaq composite fell 44.07, or 0.3%, to ...