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The Federal Reserve's meeting minutes indicate a potential series of gradual rate cuts next year, with a December reduction also possible. Meanwhile, US trade representative nominee Greer has backed higher consumer taxes, raising concerns about increased gasoline prices and impacts on the auto sector, as companies prepare for new tax liabilities. As the US gears up for Black Friday, key economic data on consumer spending and inflation is expected, while German consumer confidence remains less of a focus amid ongoing communications from the ECB.
Judy Greer
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Federal Reserve signals rate cuts amid tax hike discussions and consumer trends
09:27 27.11.2024
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