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Major US bank earnings for Q4 are expected to be mixed as higher costs, and subdued lending may have weighed on profits despite some potentially benefiting from higher interest rates. The upcoming reports on Friday, January 12, can provide important insights into the 2024 economic outlook.
Markets brace for higher volatility as the impact of rising bond yields takes centre stage with the upcoming CPI and Q3 earnings from major US banks. With the Fed signalling an interest rate peak and concerns over inflation sustained, investors may be in for a complex narrative.
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