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More than halfway through its incentives spending, the US will have far greater scope to manage shocks
Higher than expected price pressures cast doubt on potential for Fed rate cuts
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest rates
Also in today’s newsletter, Meta’s shares tumble and Columbia’s ‘Gaza Solidarity Encampment’
Secretary of state expected to demand Beijing cease support for Russia’s war in Ukraine
Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates era
Also in this newsletter: Waiting for Emmanuel Macron’s words of wisdom
Scar tissue that I wish you saw
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserve
Western policymakers ignore changing global power relations at their peril
Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT group
Since Brexit, food and drink industry has faced border checks on business with largest trading partner
Tokyo urges alliances to stay competitive but companies wary of giving up control
John Deng targets India ‘opportunity’ after breakthroughs with US, UK and Canada
Also in this newsletter: new weapons for Ukraine, German recovery, the value of loyalty
Expected 0.3% expansion for 2024 comes as energy prices and inflation continue to fall from record highs
Separate Brussels probe targets Chinese medical market amid growing trade tensions with Beijing
Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
Also in today’s newsletter, Tesla shares soar in after-hours trading, and Dimon praises ‘booming’ US economy
Investors should not write off the country’s growth potential
An ECB interest rate cut soon would make sense but the Fed faces a more difficult call in the US
Commercial ties between the two powers appear to be catching up from an abnormally low base
Pound rises against dollar as chief economist Huw Pill sets a different tone from deputy governor
Index reading well above economists’ prediction marks fastest expansion since May
The search for the neutral rate is proving elusive
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