Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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Fed still has ‘green light’ to ease after second-quarter GDP
The Federal Reserve is still expected to cut interest rates for the first time in 10 years next week despite better-than-expected second-quarter economic growth, analysts said Friday, after the first official reading of U.S. GDP. “The Fed still has the green light to cut rates,” said Stephen Gallagher, U.S. chief of economics at Societe Generale. “It is pretty difficult to pull back from signaling rate cuts and the risks are still there,” Gallagher said. U.S. GDP grew at a 2.1% annualized pace in the three months to June, better than the forecast of 1.9%, but down from a 3.1% gain in the first three months of ... (full story)
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