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Market Insight: 'Fed's intention is to cool the economy'

Reuters TV

Jul 3, 2024

"We are continuing to see a slowdown in the economy due to the onward pressures of interest rates," said Chief Investment Strategist Victoria Bills in reaction to June's Services Purchasing Managers' Index data which fell short of economic expectations. Returning to Reuters TV, she also discussed the Federal Reserve, the high purchase price of Nvidia, and the economic impact of the US elections with Ludovica Brignola.

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