mBank Exits Forex Market, Ceding Dominance to Two Rival Bank-Owned Brokers in Poland’s Expanding CFD Sector

A recession has arrived, at least in terms of word count. Bank of America analysts have calculated that this week’s Federal Open Market Committee statement—detailing the decision to increase interest rates by a quarter-point—was the most succinct issued since 2007, coming in at just 130 words. The bank’s strategists regard this minimalist approach positively, suggesting it represents a return to credibility and an end to oversharing.

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