MM112: Is the US heading for an 'economic and financial catastrophe'?!
Market Maker
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The Bank of England Raised Interest Rates 0.25%
The Bank of England raised interest rates 0.25%, 4.5% now for benchmark rate. They warned it would not hit its inflation target until 2025. But they did say though that the UK will not experience a recession. The improvement mainly due to lower energy prices, prices along with fiscal stimulus,. Lower unemployment, boosting consumer confidence and spending. Was there a rationale? It's all a bit weird, isn't it? Because yeah, we were perry. I was very bearish, the UK started this year. Just hasn't happened.
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