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Weekly Market Recap: April 8 - 12, 2024

Camilo Botia

Inflation fears and shifting expectations around the Federal Reserve dominated the markets this week. Stubbornly high consumer price data dashed hopes for near-term rate cuts, sending stocks tumbling and strengthening the US dollar. Investors are bracing for a potentially extended period of high-interest rates. On a brighter note, Apple shares surged on optimism surrounding its potential in the AI space, with market anticipation high ahead of the company’s WWDC event in June.

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