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XMX - Weekly Edge: Central Banks Around The Globe Are Cutting Rates
WisdomTree Global ex-Mexico Equity Fund
By Ansh Chaudhary
President Trump started Wednesday morning off with a fresh round of tweets calling on the Federal Reserve to cut rates more aggressively. "Our problem is a Federal Reserve that is too proud to admit their mistake of acting too fast and tightening too much (and that I was right!)," Trump said in a Twitter post. The demands came after three other central banks around the world announced rate cuts.
India's central bank revised its GDP growth forecast for the current fiscal year from 7% to 6.9% in their bi-monthly review, reports MarketWatch