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| Instant view: China retaliates, slaps duties on US soybeans, planes; markets skid We've done bits and pieces but there has been no massive shift. The net effect on U.S. GDP is just 0.3 percent of GDP, which is minimal. It could worsen, sure. If that materializes, then we could see a more pronounced sell-off in stocks. So we're waiting for the next moves from both the U.S. and China." ...
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| Brainard Says Valuations Elevated, Bitcoin Volatility 'Extreme' Asset valuations are stretched across a broad set of financial markets and some cryptocurrencies have witnessed "extreme volatility," Federal Reserve Governor Lael Brainard said, though overall risks to the financial system are still low. "Estimates of risk premiums and spreads in a range of markets ...
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| Strong Week, but Rough Quarter for the Financial Markets The final week of the first quarter saw generally positive economic data in the U.S. Jobless claims fell to their lowest level since 1973, while consumer confidence hovered near its recent 18-year high. Meanwhile, GDP growth for the fourth quarter was revised upward, to 2.9%.
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