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Panetta Sees Fragile Outlook With Risks to Inflation and Growth

The European Central Bank is navigating an uncertain economic situation even as the US and Iran move closer to a lasting peace deal, according to Governing Council member Fabio Panetta.

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Three consecutive downside inflation surprises and the slowest private-sector wage growth since 2020. It should be enough to convince investors that the Bank of England is entertaining interest rate cuts.

Boomer Wealth Transfer Set to Favor America’s Richest Families

An unprecedented transfer of wealth in the coming decades is likely to disproportionately benefit America’s most affluent families, boosting their fortunes by trillions of dollars, according to a July report…

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