24th May 2024

  • Two-Speed World Vexes G-7 With Inflation Fading Unevenly (1)

Meeting in Italy is looking at transatlantic divergence

2023 communique stressed need to clearly communicate policies

https://blinks.bloomberg.com/news/stories/SDZ66VT1UM0W

  • Billionaire Tax Rejected by US Causes Split Ahead of G-7 (1)

US opposes mentioning of super-rich tax in communique

France says will keep pushing for work on minimum levy

https://blinks.bloomberg.com/news/stories/SDY2D2DWLU68

  • US Business Activity Expands Most in Two Years, Prices Pick Up

S&P Global’s flash May gauge advanced to 54.4 from 51.3

Composite measures of prices paid, received both rise

https://blinks.bloomberg.com/news/stories/SDXYCJDWLU68

  • Fed Inflation Debate Shifts to How Far Goods Prices Can Drop (1)

Powell says ‘we could get more’ while others aren’t so sure

Trajectory depends in part on prices of used cars, apparel

https://blinks.bloomberg.com/news/stories/SDXYAFDWX2PS

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