Headlines discussed at LNWM’s Monday morning briefing:
— The Federal Reserve may not raise interest rates in Sept. if stock market volatility remains high.
— U.S. economic growth jumped to 3.7% in the 2nd quarter on rising business and consumer spending.
— China cut interest rates and lowered bank reserve requirements to boost its slowing economy.
— Oil prices rallied, after falling to the high $30s/barrel, the lowest level in over six years.
— Central bankers from around the world met in Jackson Hole, WY to discuss inflation and tepid growth.
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