On the SPOT™ blog (01/31/2023) [P..]
Economic data that came out today appears to be good from inflation control perspective. The labor costs rose less than estimated in Q4. Consumer confidence dipped in January. FOMC meeting is underway and results for interest rates will be out tomorrow. Some signs of inflation control combined with today's earnings was sufficient to take the markets to +ve as all three major US indices finished the day in solid green.
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