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U.S. third-quarter GDP surpassed forecasts while core PCE inflation accelerated, according to new data.
Jesse Cohen, a senior markets analyst at Investing.com, commented that had the Federal Reserve seen these numbers a day earlier, it would have been compelled to raise interest rates.
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Cohen has recently commented on other major market moves in Asia. He highlighted the Kospi Index’s nearly 4 percent overnight decline, raising questions about its cause. In a separate note, Cohen reported on SK Hynix’s 10% share drop in Korea trading, which erased $85 billion in market value.