18th July 2024

  • Fed’s Beige Book Shows Slight Economic Growth, Cooling Inflation

Nearly half of districts reported flat or declining activity

Price gains modest as consumers buy essentials, trade down

https://blinks.bloomberg.com/news/stories/SGS6TODWX2PS

  • US Floats Tougher Trade Rules to Rein In China Chip Industry (1)

Restrictions would hit technology from Tokyo Electron and ASML

US companies like Lam have urged softer approach in meetings

https://blinks.bloomberg.com/news/stories/SGRYKDDWLU68

  • Waller Says Fed Getting ‘Closer’ to Cutting Rates, Not There Yet

Paying close attention to job market with soft landing in view

Waller outlines scenarios that could impact path of rates

https://blinks.bloomberg.com/news/stories/SGRUIEDWRGG0

  • Biden Faces Intensified Calls to Step Aside While Ill With Covid

Illness forces president to leave trail at critical moment

Drumbeat of calls from lawmakers for him to stand aside grows

https://blinks.bloomberg.com/news/stories/SGSW76DWX2PS

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