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  "documentTitle": "JPM Corp Fin Advisory Corporate Compass Jan 2024",
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      "text": "U.S. economic performance has outperformed with GDP growth expected to be ~210 bps higher than forecasted in 2023 (2.4% vs. 0.3%)",
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      "text": "Why it matters? The expectation of a near-term recession has decreased substantially as moderating inflation trends support a pause in Fed rate hikes, and increased expectations of rate cuts in 2024. Despite a more optimistic macro picture, interest rates across the curve remain at levels not consistently seen since before the Great Financial Crisis in 2008/2009, and continue to significantly impact company and investor decision-making",
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      "text": "Source: FactSet; 1 December 2023 actuals based on latest available data as of 12/31/2023; GDP based on 2023E, CPI and Unemployment based on Q4 2023E, 10-yr UST as of year-end actuals",
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      "text": "What a difference a year makes",
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