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Friday, August 20, 2021

Stocks claw higher, oil sinks to $62 level


Stocks claw higher, oil sinks to $62 level



U.S. stock indexes traded cautiously Friday as investors remained skittish over the timeline of the Federal Reserve’s plans to taper its asset purchases.

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Rates low for too long, says ex-Bank of England boss

Lord Mervyn King says inflation has now been tamed and interest rates are "in the right ballpark". from BBC News https://ift.tt/...