Strong earnings a threat to rate cut expectations
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CALL it the reverse silver lining: earnings and economic data are coming in a little too strong for stock-market bulls hoping for drastic action from the US Federal Reserve this week.
Stocks could even sell off after a widely expected Fed cut on Wednesday as spoilt investors wonder: "Is that all?"
US stocks rose last week, with major indexes hitting record highs after strong housing and gross domestic product data and better-than-forecast earnings from Google, McDonald's and others.
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