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The mean-average American family is now worth $1 million: this matters for inflation, future interest rates and the strength of the dollar
Quick take:
- The mean average US household net worth soared to 23% to $1,063,700 between 2019 and 2022
- Fewer than two 0.25% US interest rate cuts are now forecast for 2024, down from six at the start of the year
- US GDP growth is expected to have slowed to 2.5% in Q1, down from an upwardly revised 3.4% in Q4
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