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WALL STREET INSIGHT

Hurricanes vs hikes - the storm before the calm?

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Hurricane Harvey has chipped off more than one-third of a percentage point from the BOA Merrill Lynch Global Research economists' projection for third-quarter GDP growth, bringing it down to 2.5 per cent.

US stocks were more or less flat last week as traders tried to wrap their arms around the effects of two catastrophic storms.

This week, stocks may advance if Hurricane Irma fails to live up to the near-apocalyptic fears and inflation remains in check. By Sunday, it was looking likely

sentifi.com

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