Tag: jul 16 2024

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ECONOMIC UPDATE – MARKET OVERVIEW
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ECONOMIC UPDATE – MARKET OVERVIEW

It’s all in the numbers. The global economy is going down and as per our trend forecast, interest rates in the U.S. and EU will also be going down. Indeed, yesterday, Fed Head Jerome Powell said the Fed would lower interest rates even if inflation did not hit the made-up 2 percent target rate that the former Fed Head Ben Bernanke invented in 2012.

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