EPISODE · Aug 1, 2024 · 6 MIN
Global stocks plunge on US slowdown fears; Bank of England cuts official interest rate
from Peter Ryan_ABC News Soundcloud · host Peter Ryan
Global markets have tumbled on growing fears about a rapid economic slowdown in the United States. The heavy selling came despite an interest rate cut from the Bank of England overnight .. and signs the US Federal Reserve will begin cutting rates in September.
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Global stocks plunge on US slowdown fears; Bank of England cuts official interest rate
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