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Market update - July 12th 2024

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The economy is expected to cool further.

 

Fed Chair J.Powell told the Senate Banking Committee that a rate cut is likely soon. He highlighted a significant cooling in the labour market and "modest further progress" on inflation.

Meanwhile, the German government, which has sold nearly $3bn of assets, is nearing the end of its sales with around $800m left to sell.

 

Published onJul 12th, 2024