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There’s always bad news somewhere
Swedish central bank governor Erik Thedéen fuels debate on the continent’s struggle to boost competitiveness
Move marks Biden administration’s latest effort to target Chinese tech sector
Higher interest rates and inflation undercut allure of tax-advantaged Opportunity Zones
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
The economist on the mis-steps of the Fed over interest rates and the markets
Trump’s rhetorical style seems to appeal more to voters than the economic reality
It may be a bumpy ride, although the latest evidence is encouraging
OECD, IMF and WTO forecast sharp rebound in flow of products this year after 2023 slump
New levies and fees worldwide add cost to electric-car buyers as sales growth cools
And utilities revisited
And can US mortgages be made portable or assumable?
Futures markets lean towards Fed acting in September after just 175,000 jobs were added in April
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assets
Freddie Mac wants to enter the secondary home equity loan market in a win-win for the government, Wall Street and consumers
Ft. Bad some news for the non-US Anglosphere
Both Washington and Beijing juggle security fears with commercial interests and political influence in their policy positions
Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy
And the spill at Starbucks
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November election
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goal
We need to be realistic about what monetary policy can and cannot do
Growth is still strong and inflation too high
Restrictive clauses intended for highly paid workers now affect tens of millions
McDonald’s and Coca-Cola among companies highlighting impact of persistent inflation
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