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The established financial world order of the past 50 years is now transitioning to a new and unknown paradigm as the petrodollar agreement between the U.S. and Saudi Arabia was allowed to expire this past Sunday. The term ‘petrodollar’ described the U.S. dollar’s (USD) role as the currency used for crude oil transactions on the world market. It traces back ...
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The June 2024 UMich June preliminary consumer sentiment reading • Prior was 67.4 • Current conditions 62.5 vs 68.8 prior • Expectations 67.6 vs 66.5 prior • 1-year inflation 3.3% vs 3.5% prior • 5-year inflation 3.1% vs 3.1% priorConsumer Sentiment Declined 5.1% to 65.6 in June Consumer sentiment declined 5.1% to 65.6 in June, according to ...
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