Fed Pauses, PBOC Cuts, ECB To Hike, Plus Another London IPO Scrapped
Bloomberg Daybreak: Europe Edition
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The Fed's Decision to Cut Rates
The U.S. Federal Reserve has raised interest rates for the first time in nearly a year. The move was widely expected, but some economists thought it would be an end to hikes. But Powell pushed back on that idea and said rate cuts might not come until years from now. Valuable insight into what Europe is thinking about China's economic recovery.
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