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The New Daily
The New Daily
Tony Sycamore

Federal Reserve’s dovish tilt and mega-tech earnings dominate markets this week

US Federal Reserve BNPL Inflation Sezzle United States
The Federal Reserve hiked rates by 75 basis points this week but hinted at less aggressive easing to come. Photo: TND/AAP

US sharemarkets rallied to a seven-week high this week, supported by better-than-expected earnings reports from US mega-tech companies and a dovish tilt at the FOMC meeting.

The ASX200 hit its highest level in six weeks, supported by a rebound on Wall Street and strong gains in energy, resource and financial stocks.

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