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Cathie Wood: Current Unemployment Rate Exceeds Prior Cycle Peaks of 2008-2009, Signaling Rate Cuts Again
BlockBeats News, September 7th, ARK Invest CEO Cathie Wood tweeted, saying, "We expect the productivity-driven prosperity we anticipate to shorten the duration of unemployment, but the current unemployment rate is higher than the peak of each cycle before 2008-2009 (crisis). This once again underscores the call for interest rate cuts."
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