Will a rate cut boost equities, defer any recession?
- Are Fed rate cuts during an economic expansion unprecedented?
- Fed cut rates in 1987 and 1998 when the economy was still growing
- The rate cuts came amid concern over distress in financial markets
- The cuts boosted equities, but recession followed three years later
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US dollar’s eight-year bull run in jeopardy?
- A no-deal Brexit could weaken an already depressed British pound
- Expanding trade, budget deficits and Fed rate cut could stymie dollar’s bull run
- If dollar weakens, Swiss franc, yen and euro could be reluctant beneficiaries
- Fed looks set to cut rates on July 31 after nine straight hikes since 2015
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