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Banking, Economy

The U.S. Economy Is Great But Fed Most Likely Will Cut Rates

“The Fed, whose policymakers meet next week to set interest rates, lacks a pressing domestic case to clip borrowing costs: The jobless rate was close to a five-decade low at 3.7% in June, consumer spending is buoyant and the overall expansion just became the longest on record. Yet the central bank is almost certainly going to deliver a rate cut – as recently as last week, there was even chatter of two…”

https://www.bloomberg.com/opinion/articles/2019-07-23/fed-s-rate-cut-amid-strong-u-s-economy-implies-its-global-role  

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