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The Treasury curve continues to make escalating even decisive bull moves. It's not difficult to see why, as another global consumer company admits its having trouble selling its products and in this case to the more well-to-do segment. In addition, former Fed members are urging immediate rate cuts openly wondering if it might be too late. One neighboring central bank is waiting to find out, unleashing another cut of its own and saying there are surely more coming. Eurodollar University's Money & Macro Analysis CNBC World’s largest luxury group LVMH slumps 4% after second-quarter revenue miss https://www.cnbc.com/2024/07/24/worlds-largest-luxury-group-lvmh-slumps-5percent-after-reporting-revenue-miss.html Bloomberg LVMH Shows the Luxury Sector Is in Pain https://www.bloomberg.com/opinion/articles/2024-07-24/what-lvmh-tells-us-about-luxury-s-financial-prospects Bloomberg I Changed My Mind. The Fed Needs to Cut Rates Now. https://www.bloomberg.com/opinion/articles/2024-07-24/the-fed-needs-to-cut-interest-rates-now WSJ Bank of Canada Cuts Policy Rate to 4.5%, Frets Over Downside Risks https://www.wsj.com/articles/bank-of-canada-cuts-policy-rate-to-4-5-frets-over-downside-risks-78a7a81b Bank of Canada Policy Statement https://www.bankofcanada.ca/2024/07/fad-press-release-2024-07-24/ Bank of Canada Press Conference https://www.bankofcanada.ca/multimedia/press-conference-monetary-policy-report-july-2024/ https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |