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Jerome Powells dovish speech at Jackson Hole, hinting at future interest rate cuts, sparked a rally in US equities and a decline in bond yields.
Economy Posts
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Chinese state media defended the governments actions in the bond market, asserting that regulatory measures were intended to ensure stability and fairness, not to manipulate the market.- Published on
Vanguard tempers AI market exuberance, citing inflated valuations and the need for unprecedented profit growth to justify current stock prices, despite recognizing the technologys long-term potential.- Published on
A Bank of America strategist advises buying gold in anticipation of inflation driven by potential interest rate cuts, despite current market trends and significant investor sell-offs.- Published on
Grupo Elektras removal from Mexicos benchmark stock index, amidst allegations of fraud and share manipulation, casts a shadow over the conglomerate and its billionaire owner, Ricardo Salinas Pliego.