The Monday Mix: Jan. 29 – Feb. 4, 2024

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Top-of-mind economic news as we start the week:

The Federal Reserve kept its key interest rate unchanged, but Chair Powell indicated three rate cuts were possible in 2024.

The U.S. economy added 353,000 jobs in Jan., the largest gain in a year; wages are up 4.5% in the past 12 months.

Eurozone GDP was flat in 4th quarter 2023, as interest rate increases have taken a toll on growth while lowering inflation to around 3%.

China’s major stock markets have lost 10% in the past week; investors are questioning whether government can stabilize prices.

Global investment in renewable energy rose 17% in 2023 to $1.8 trillion, but that is not enough to attain net zero goals.

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