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...Rick Rieder, chief investment officer of global fixed income at BlackRock, which manages $9.4tn, said he had become more pessimistic about the state of the US economy in recent weeks....
...“We would acknowledge that this is not going to be some sort of a V-shaped recovery. There are going to be plenty of troubled deals in the market,” added Gray....
...Chart of the day Sterling is the only major developed world currency to strengthen against the dollar this year....
...As your article states: “In an increasingly cashless world, having a bank account has become an essential service.” Although I live abroad, I still have many sterling commitments in the UK....
...Albeit now in recession, a stronger than expected UK economy and growing hopes of US rate cuts mean sterling is the only major developed world currency to strengthen against the dollar this year....
...She blames the “deep state” — including the Financial Times — for working to “keep things the same”....
...Every country suffers its fair share of silly psychodrama around the strength or weakness of its currency (hello, sterling!)...
...For sterling, it is 0.0031 per cent. Why has fakery fallen?...
...The financial crisis happened, and sterling bond yields began their long march downwards to one per cent, a level reached at the end of 2021....
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...The document, due out on Sunday, states that the group is “working to deliver better and more effective MDBs [multilateral development banks] with increased lending capacity, improved responsiveness and...
...The state of the business cycle also affects the thinking of economists. There are perfectly good reasons to ask whether 2 per cent is the best target....
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