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CAPITAL FLOWS IN GLOBAL MARKETS
Government data showed that US employment growth slowed more than anticipated in June, alleviating anxieties about the future of Federal Reserve rate hikes, and the dollar finished Friday's session lower while global share indexes were essentially steady.
The focus area of strategists' yearly forecasts as the new year began was that the world was about to enter a recession. The basic assumption was that as stock prices retested their bear-market lows, bond prices would soar.
The dramatic rate rises that caused so much market distress in 2022 would soon be reversed by central banks. If growth were to slow much more, hazardous investments would suffer even more.