'Small Talk' - Mood Swings
The market mood swings continued. Huge gains to get things rolling then a sharp reversal, felt most during the US trading session. Maybe the Reserve Bank of Australia (RBA) contributed to the positive start to the week globally when it raised interest rates by less than expected, leading to speculation the US Federal Reserve and others may be of a similar mind. But the Cleveland Fed President said that she has "not seen any evidence to warrant slowing the pace of hikes".
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