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The Macro Brief – US rate cuts & spending gluts

HSBC Global Viewpoint

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Analyzing the U.S. Fiscal Landscape: Deficits and Economic Impacts

This chapter explores the projected trajectory of the U.S. deficit, likely to surpass $2 trillion, influenced by recent fiscal policies like the One Big Beautiful Bill Act. It also examines the implications of these changes for the economy and potential responses from the Federal Reserve.

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