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Weak US economic data boosts expectations for interest rate cuts, driving equity markets up.
Weak US economic data, including slower job growth and contracting service sector activity, has boosted expectations for a US interest rate cut, leading to gains in equity markets.
The Federal Reserve's "Beige Book" also indicated a slight decline in economic activity.
Markets now predict two rate cuts by year-end, with the first expected in September.
The focus now turns to Friday’s non-farm payrolls report.
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Los débiles datos económicos de EE.UU. aumentan las expectativas de recortes de las tasas de interés, impulsando los mercados de acciones.