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It's not just the massive downside also the speed at which it has developed.
The #federalreserve is pausing while the ECB is aggressively hiking #interestrates all at the same time the People's Bank of #china is cutting theirs. What is going on with the global #economy? The answer is #recession and #deflation though those haven't yet knocked #inflation down enough for some of these central bankers.
Eurodollar University's Money & Macro Analysis
ECB: Monetary policy decisions
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230615~d34cddb4c6.en.html
The spokesperson of the National Bureau of Statistics answered reporters' questions on the operation of the…
The skinny
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