FRB that does not cut rates / Bank of Japan that does not raise rates!
7/25Announcement from the United States4-6quarterGDPgrew at an annual rate well above market expectations2.8%with strong gains in both personal consumption and fixed investment, underscoring the resilience of the U.S. economy. The outlook for future U.S.-Japan monetary policy and the dollar-yen exchange rate was debated.
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