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✅ The Federal Reserve is approaching its September decision in a context where the dominant narrative has shifted from stagflation risks to a scenario more consistent with stagnation.
✅ Later today, the preliminary University of Michigan Consumer Sentiment Index for September will be released, which market consensus expects to come in around 58.0 points.
✅ U.S. President Donald Trump increased pressure on India to suspend its purchases of Russian crude oil, in an attempt to reinforce sanctions against Moscow and condition bilateral energy commitments between the two countries.