The lifelines of world commerce have gotten dearer, with worsening port congestion turning widespread, in accordance with RBC Capital Markets. The Federal Reserve on Wednesday raised a key rate of interest by a half point and reaffirmed a extra aggressive strategy to try to subdue the worst outbreak of U.S. inflation in forty years. This trader predicted the bond meltdown, tech selloff and oil’s surge. While rates of interest have dropped, debt piles have grown since 2011, and nations within the eurozone aren’t in significantly better financial form.
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