Lowered Q2 GDP tracking estimate by 0.1pp to 3.3% - Nomura

Analysts at Nomura noted the accompanying data from the US overnight. Key Quotes: "Existing home sales: Sales of previously-owned home declined 2.3%
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Fed’s Kaplan: Should unwind balance sheet in a way that minimises impact

Comments from Fed’s Kaplan crossing the wires via Bloomberg and Reuters – The Fed should unwind the balance sheet in a way that minimises impact. The
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