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On the SPOT™ blog (09/28/2023) [M..]

Q2 unrevised GDP showed reasonably growth in US economy. Existing homes sales dropped more than estimated in August. Last week's jobless claims rose but the number was lower than estimated. There was +ve commentary (from investors wary of rising interest rates) from Chicago Fed President's comments about interest rates. Investors will also try to gauge the tone in Federal Reserve Chairman's remarks later today. All the three major US indices are in the green this morning (PST).

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