Market update - July 12th 2024
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- Data
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
