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The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off. Real disposable incomes have risen only modestly over the past year. The saving rate now stands at a 16-month low as households have mostly exhausted the extra pile of cash ...
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At the time of writing, the GBP/EUR exchange rate traded at around €1.1731, virtually unchanged from Friday’s opening levels. The Euro (EUR) began the week undermined by European Central Bank (ECB) interest rate cut bets, as ECB policymaker Klaas Knot echoed his colleagues recent sentiments that the ECB will begin unwinding its monetary policy in June. ...
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