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The US Federal Reserve is poised to slow its interest rate hikes next week.
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The US Federal Reserve is poised to slow its interest rate hikes next week.
Stock markets resumed their downward trend, with traders fearing the Federal Reserve's determination for higher interest rates.
US central bankers remain committed to raising interest rates further to quell rising prices.
All eyes are now on the release this week of US July inflation data, which is expected to show a slight slowdown from June.
Canada's economy unexpectedly lost jobs for the second month in a row in July after a year-long boom.
Asian markets rose Thursday following a surge on Wall Street fuelled by hopes that the Feds could slow interest rate hikes.
Stocks fell Wednesday as recession fears returned to the forefront of traders' minds ahead of an expected Federal Reserve interest rate hike.
Canada's inflation rate rose to 8.1 percent last month, with prices rising at their fastest pace since January 1983.
Troubling economic forces are hitting the tech sector, with companies cutting costs and laying off workers.
Asian markets rallied following a Wall Street surge after the Federal Reserve played down chances of a huge interest rate hike in the future.