As the Fed’s Beige Book, which was released this afternoon stated, the US election is partially responsible for the US economic uncertainty?
The fact is the Beige Book told us what we already knew and what we already heard before. Now eyes will turn to the ECB who is meeting tonight then the Fed in 2 weeks. The one aspect that is noteworthy recently is Angela Merkel’s party getting beat (pretty badly) in their home state. This is showing how the German people are starting to fight back against a continued system that is not helping out the economy.
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