US cuts July-September borrowing estimate to $740bn from $847bn

Bitget2024/07/29 20:30

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US Treasury cuts July-September borrowing estimate to $740bn, compared to previous estimate of $847bn; expects to borrow $565bn in October-December quarter; Fed's slowdown in quantitative tightening (QT) affects Treasury's borrowing expectations.

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US cuts July-September borrowing estimate to $740bn from $847bn

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