US

Here's A 50-Second Guide To This Morning's Surprise Chinese Rate Cut

Out of nowhere, China’s central bank announced an interest rate cut this morning, the second rate cut in a month. This comes after hard-landing talks from the China bears heated up in recent months on some weak economic data.

This act will most likely help the nation’s state owned enterprises and mortgage borrowers. But it also suggests that upcoming economic data could be weak.

Produced by Robert Libetti

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