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Testing Times
15th August 2023
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By Falco Private Wealth
Falco Group

  • US inflation better, but not comfortably reverting to the Fed target
  • Market appears too optimistic in expecting Fed rate cuts early next year
  • Remember US growth forecasts are rising and the labour market remains tight
  • China‚Äôs economic challenges deepen with more trouble in the real estate sector
  • Italy makes a hash of fiscal tightening