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Key Takeaways for August 16, 2023: Target’s Profit, China’s Economic Status, and Federal Reserve Notes

Retailer Target (TGT) reports a second-quarter earnings beat while slashing its full-year forecast. China’s economic situation worsens as the yuan falls to a 16-year low against the U.S. dollar. Lastly, the Fed’s FOMC meeting minutes are expected out as regulators’ inflation-driven interest rates take center stage. Yahoo Finance’s Brad Smith highlights several of this morning’s top stories.
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