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John Burn-Murdoch
jburnmurdoch.ft.com
did:plc:ho34pe25d3ywc6g6vxugre2i
The key chart right now:
Usually US economic pain is cushioned by falling bond yields and a strengthening dollar, which mean lower interest rates and more spending power for consumers.
This time we’re seeing the opposite, meaning the pain will be amplified.
2025-04-22T13:41:15.288Z