Powell says conditions needed to cut rates likely to take longer to appear
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BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Rates should be cut to 3.5% by end of 2025, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.BBC News - Top stories -
Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut
“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.MarketWatch - Business -
House Democrat says cutting federal funds for Harvard 'needs to be on the table'
Rep. Jake Auchincloss (D-Mass.) on Sunday said cutting federal funds for Harvard University and other schools should be an option "on the table" over their handling of campus antisemitism. Auchincloss, who is an alum of Harvard, visited the Ivy ...The Hill - Politics -
Oil Falls on Concerns of Higher-for-Longer U.S. Rates
Oil prices declined as some Fed officials remain cautious on the recent easing of inflation, prompting concerns that U.S. interest rates could stay high for longer.The Wall Street Journal - World -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Slovak prime minister still in serious condition as suspect appears in court
The man accused of attempting to assassinate Slovak Prime Minister Robert Fico has been ordered to remain behind barsABC News - Top stories -
Slovakian PM remains in serious condition as suspect appears in court
Second operation to remove dead tissue has ‘contributed to a positive prognosis’ for Robert Fico, health minister says. Slovakia’s prime minister, Robert Fico, remained in a stable but serious condition as the man accused of trying to assassinate ...The Guardian - World -
The WSJ Dollar Index Falls 0.1% to 99.27
The WSJ Dollar Index was down 0.1% to 99.27 — and is down for five of the past seven trading days.The Wall Street Journal - World -
Why an uncertain world needs to take on more risk
Scarring from a series of shocks generates a defensive mindset that is holding back growthFinancial Times - World -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Carter Center CEO says 'no significant change' in Jimmy Carter's condition: AJC
Carter Center CEO Paige Alexander said in a Wednesday interview that there has been “no significant change” in former President Carter’s condition. “It’s 15 months of hospice at this point, and he is fully retired,” Alexander said on The Atlanta ...The Hill - Politics -
Biden takes credit for Target grocery price cuts: 'They're answering the call'
Target announced price cuts on roughly 5,000 items, which Biden says is because of his administration's pressure campaign.CNBC - Business - Joe Biden -
Slovak president-elect says he spoke to prime minister who was shot but says his condition remains very serious
Slovak president-elect says he spoke to prime minister who was shot but says his condition remains very seriousABC News - World -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Treasury yields end lower for first time in four sessions amid dearth of U.S. data
Rates on U.S. government debt finished slightly lower in rangebound trading on Tuesday as investors eyed another batch of comments from Federal Reserve officials.MarketWatch - Business -
Trump-era tax cuts set to expire after 2025 — here's what you need to know
Several tax cuts enacted by former President Donald Trump are set to expire after 2025 without changes from Congress. Here's how it could affect your wallet.CNBC - Business -
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
8 EU members say conditions in Syria should be reassessed to allow voluntary refugee returns
The governments of eight European Union member states say the situation in Syria should be re-evaluated to allow for the voluntary return of Syrian refugees back to their homelandABC News - World - European Union -
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'Overlooked' workers who train AI can face harsh conditions, advocates say
Millions of workers worldwide help assemble vast amounts of training data, and can often face harsh conditions, advocates say.ABC News - Top stories -
Slovakian health minister says Prime Minister Robert Fico's condition is stable but his situation 'remains serious'
Slovakian health minister says Prime Minister Robert Fico's condition is stable but his situation 'remains serious'ABC News - World -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Do dogs need sunscreen? Here’s what vets say
Dog sunscreen protects pets from sunburn, skin cancer and sun damage. What kind of sunscreen is best for dogs, according to vets? Can I put human sunscreen on my dog?NBC News - Top stories -
Junior doctors talks need time and space, says health secretary
The health secretary says renewed negotiations should take place away from deadlines and social media.BBC News - Top stories -
Harris says more Indian American representation is needed in government
Addressing a crowd of Indian Americans this week, Vice President Kamala Harris asserted the importance of voting and running. But Biden and Harris approval among the group has fallen.NBC News - Top stories -
'We need it to be faster,' says Ukraine's ambassador about arms shipments
The Ukrainian ambassador to the U.S. urged American leaders on Sunday to speed up shipments of arms and aid to the country as it struggles to defend against the Russian military. “There is no such thing as fast enough when we are up against such a ...The Hill - Politics - Ukraine -
French Interior Ministry says police have shot and killed an armed suspect who appeared to be planning synagogue attack
French Interior Ministry says police have shot and killed an armed suspect who appeared to be planning synagogue attackABC News - World -
Tom Brady roasts Jaguars during recent podcast appearance, says they were easy to beat
Brady pulled no punches against JacksonvilleCBS Sports - Sports - NFL -
Trump 'does not like to surround himself with yes people,' says Ben Carson
Ben Carson, who served as the secretary of Housing and Urban Development under former President Trump, said his ex-boss "does not like to surround himself with 'yes' people" when asked about his stance on abortion laws. CNN's Jake Tapper pressed ...The Hill - Politics - Donald Trump -
Salman Rushdie says a Palestinian state formed today would be ‘Taliban-like’
Novelist, who teaches at New York University, says he finds it strange that progressive students currently ‘kind of support a fascist terrorist group’. Salman Rushdie has said that the formation of a Palestinian state “right now” would mean a ...The Guardian - World -
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.MarketWatch - Business - Federal Reserve -