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Weekly Market Commentary - 5 February 2024

Alex Stojkovic
 | 
Investments
 | 
February 7, 2024

This week the Federal Reserve and the Bank of England both left interest rates on hold. The recent modest reduction of inflation meant the decisions to leave rates unchanged was no surprise. Jerome Powell and Andrew Bailey tried to cool expectations of early rate cuts but weaker US jobs data re-established the positive mood in bond markets as UK, US and European government debt rallied.

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