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Key happenings in the economy and world of finance:
This week on FinWeekly, we tackle trends on key financial events that are shaping our current landscape: First up, House Speaker Kevin McCarthy's proposal to avoid a government shutdown by cutting domestic agency spending by 8%—we'll break down the potential impacts. Next, the Fed's facing a challenge as the U.S. economy isn't slowing down as expected despite interest rate hikes; we'll discuss why finding the right balance is critical. On Wall Street, experts are revisiting their predictions for the S&P 500 Index after underestimating this year's stock market rise. However, they're not calling it a bull market just yet. Economist Nouriel Roubini is sounding the alarm about rising oil prices potentially leading to stagflation in Europe. Lastly, a 36-hour central bank marathon involving 11 key players is underway, tackling complex monetary policy in a world with diverse inflation and economic challenges. Despite inflation concerns, markets are surprisingly confident in predicting policies, inflation rates, and bond yields. Trust that central banks are planning for the worst but hoping for the best as we navigate the rest of the week. Stay tuned for more updates and insights.
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