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Econoday Inc.

July 22, 2019

Rush To Rate Cuts; Informed By Incoming Data?

The push toward lower global interest rates appears to be reaching a pivotal phase of heavyweights. The European Central Bank meets on Thursday and is widely expected to signal stimulus at their next meeting in August while the Federal Reserve, in the following week, is widely expected to cut rates for the first time in 11 years. For the Fed, however, the cut would follow an unexpected run of very strong data that belies the need to cut rates.

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