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Bloomberg Wall Street Week - August 11th, 2023
Wall Street Week
The Fed's Reaction to Inflation
US CPI numbers came in just as predicted, with headline prices up two tenths of a percent or 3.2 percent year over year. US mid-sized banks got hit with the Moody's downgrade and that actually is a tailwind for bond investors. Italian banks faced a windfall profits tax that tanked their stocks before the government backed off a bit. And college football continued its conference shake-up with USC, UCLA, Oregon and Washington all going to the big ten leaving the Pac-12 out in the cold.
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