Driven by falling car wholesale prices and weaker consumer support, disinflation, alongside the likely rate hike skip, is causing a decrease in the dollar’s value, Moya observes, and a steady demand for used vehicles, and clothing among other necessities; China’s stimulus package and expected Saudi oil price cuts have uplifted crude oil prices, and while low inflation initially boosted gold, continued stock growth may limit its rise.
Jun 14, 2023
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