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More reports that China to embark on 'major' stimulus

The market is focused on the Fed this week but the bigger story is China.Worries about a stumble in the Chinese economy have been percolating for weeks but that started to change with officials telling banks to cut deposit rates last week. That morphed into more cuts this week along with talk of fiscal support.The smoke around the fiscal side is quickly growing into fire with the WSJ now reporting that Beijing is planning 'major steps' to revive the economy, including the possibility of infrastr... Read More

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Posted: Jun 15 2023, 15:14

Author Name: forexlive

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