The state of the world’s markets
Where are we now? An overview of moves in the global economy
31 October 2024 - 05:00
The long-awaited US interest rate cut finally arrived!
After all the angst, markets (sort of) decided that the whole thing was more or less discounted. The bigger than expected cut emerged from the narrative of a structural counting problem creeping into nonfarm payrolls. However, a glance at the Atlanta Fed “nowcasting” data suggests that US GDP is not ready to fall into a funk just yet...
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