Stock markets and oil prices rallied Tuesday after China’s central bank unveiled fresh stimulus measures to kickstart growth in the world’s number two economy. After a string of weak data that has fanned worries about the financial health of the country, China’s central bank said it would cut a slew of rates to boost growth.
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Stocks paint a picture of booming growth and soaring corporate profits under a Fed regime of lower interest rates. The bond market is signaling something else.
Fleming believes eliminating the personal income tax would lead to more jobs, investments and economic growth.
Stock markets and oil prices rallied Tuesday after China’s central bank unveiled fresh stimulus measures to kickstart growth in the world’s number two economy. After a string of weak data that has fanned worries about the financial health of the country, China’s central bank said it would cut a slew of rates to boost growth.
An interest rate cut last week aimed to maintain job growth, experts said.
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