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Writer's pictureSalyl Bhagwat

On the SPOT™ blog (05/23/2023) [N..]

Report from S&P showed that economy might have grown faster than expected in May as they found services number was above expectations and that manufacturing number slipped but still above expectations. That suggests that interest rates hiking campaign hasn't toppled the economy and Feds might still feel comfortable to raise interest rates this year. Debt ceiling talks continued but not resolution yet. At least the comments were +ve in that President Biden mentioned his meeting to be productive and that default was off the table.

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