BREAKING: 🇺🇸 The market is now pricing-in just 1 interest rate cut for the entire 2024, according to Bloomberg.
This is down from 2 cuts being priced 10 days ago when April CPI inflation came at 3.4%. This comes as US PMI data on Thursday showed inflation remains sticky.
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This is down from 2 cuts being priced 10 days ago when April CPI inflation came at 3.4%. This comes as US PMI data on Thursday showed inflation remains sticky.
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🇺🇸 U.S. customers can now transfer their funds from Strike to their bank account instantly
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BREAKING: 🚨🚨 Whatsapp data accessed by governments despite “end-to-end encryption.”
Meta engineers warned this could be used in Israel's AI system, Lavender, to kill people in Gaza - The Intercept
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Meta engineers warned this could be used in Israel's AI system, Lavender, to kill people in Gaza - The Intercept
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1. Memorial Day, Markets Closed - Monday
2. CB Consumer Confidence data - Tuesday
3. Q1 2024 GDP data - Thursday
4. April PCE Inflation data - Friday
5. Chicago PMI data - Friday
6. Total of 10 Fed speaker events this week
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🇬🇧 ECB Plans Rate Cut as Fed Contemplates Next Move
As the Federal Reserve deliberates on when to reduce interest rates, the European Central Bank (ECB) is already planning its next steps post-cut.
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As the Federal Reserve deliberates on when to reduce interest rates, the European Central Bank (ECB) is already planning its next steps post-cut.
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BREAKING: 🇦🇷 Argentina's Peso has plummeted to an an all-time low against the U.S. Dollar on the Black Market (which is where Argentinians go to convert to USD)
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About $2 billion will flow into the economy every week.
This means that the economy will receive an influx of new and fresh dollars, as if the printing presses were running at full capacity again.
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🇺🇸 US Dollar will be rejected as the World Reserve Currency in the next economic crisis - Ron Paul
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🇨🇳 China creates $47.5 Billion fund to boost domestic semi-conductor industry after USA stopped selling advanced chips to China
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BREAKING:📊 Nvidia stock, $NVDA, surges to $1090/share in overnight trading reaching a record $2.7 TRILLION in market cap.
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🇺🇸 Fed member Kashkari:
•Inflation has been remaining horizontal lately.
•We need to wait and see to change monetary policy and gain more confidence in prices
•I do not see the need to rush and reduce interest rates.
@Fin_Watch
•Inflation has been remaining horizontal lately.
•We need to wait and see to change monetary policy and gain more confidence in prices
•I do not see the need to rush and reduce interest rates.
@Fin_Watch
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🇸🇦 Saudi Arabia is likely to announce as soon as this week plans to sell $10 Billion to $20 Billion worth of stock in Saudi Aramco - WSJ
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