Greetings,
United States: As expected, the Fed cut rates for the third time this year. The FOMC also hinted at a pause going forward by getting rid of the wording “will act as appropriate to sustain the expansion.” Here are the changes in the statement.
So, the market-based probability of a fourth rate cut this year dipped below 25%.
The Eurozone: French GDP growth surprised to the upside. Some analysts credit President Macron’s tax reductions.
Europe: The charts below show the changes in income classes over three separate periods.
China: China’s stock market volatility has been shrinking.
Equities: This chart shows the number of ETFs launched and closed by year.
Food for Thought: Emergency room visits with at least one out-of-network charge:
Edited by Devon Lall
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