Global Markets Rise on Wall Street Bull and Fed Rate Pause Hopes
TL;DR Summary
As S&P500 stocks hit their highest close of the year, disinflation signals around the world may help calm G3 central bankers meeting next week. Signs of global price pressures abating further and super-tight labor markets loosening enough to see borrowing rates top out in 2023. China's annual factory gate prices fell 4.6% in May, the fastest pace in seven years, and its annual consumer price inflation rate was just 0.2%. Binance.US said it is stopping dollar deposits and users will soon not be able to withdraw dollars from the exchange.
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