With the Federal Reserve on course to cut interest rates for the first time, we are entering a period of "bad news is good news" with PMIs suggesting that the overall economy is contracting, the smell of stagflation is getting stronger, and the Fed is facing more pressure...

With the Federal Reserve set to cut interest rates for the first time, we are entering a period of "bad news is good news". The PMI indicates that the overall economy is contracting, the smell of stagflation is getting stronger, and the Fed is facing more pressure... < br > < img src = "https://cdn-news.jin10.com/19f4a5e4-20c9-4425-8b05-f60c7ef1d111.png/lite" referrerpolicy = "no-referrer" >