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Barclays Bank PLC ZC SP ETN REDEEM 24/07/2024 USD 50 - Series A
In order for rate cuts to be insurance for a boom to continue, there first has to be a boom able to be continued. The FOMC meeting yesterday didn't directly kill the idea, but that's actually what's coming up in the latest projections.
This is why there's been so much attention focused on inflation. The very idea of a strong economy rests solely upon the labor market. Business and consumer spending has "slowed" in the official statement. Here's what the latest one said yesterday:
Information received since the Federal Open Market Committee met in May