‘Long-expected deceleration’ in consumer spending may now be under way, says Adriana Kugler
US Federal Reserve cooled, but did not dispel, hopes for a cut in September before November’s election
Traders raise likelihood of Federal Reserve interest rate cut before November’s presidential election
Hawkish message comes as US central bank holds rates at 23-year high and raises forecast for inflation
FT-Chicago Booth poll respondents also raise their outlook for inflation
Federal Reserve and Bank of England weigh case for reducing borrowing costs as voters prepare to go to polls
Gita Gopinath urges Washington and other advanced economies to reduce their debt
Markets push back expected timing of interest rate cuts after data beats forecast
Not everyone is benefiting equally from the revival under way in a crucial 2024 election battleground
Washington needs Russian assets held in Europe to be frozen indefinitely to support fresh finance for Kyiv
Neel Kashkari warns cutting too early could risk US economic prosperity
Personal consumption expenditures figure was in line with economists’ expectations
Beth Hammack is latest senior woman to leave the investment bank
Ministers meeting in Italy also pledge to press China to cut industrial subsidies
Hungary objects to proposal to fast-track up to €2bn worth of weapons for Kyiv
Also in this newsletter: Poland and Greece demand a shared EU air defence system
US Treasury secretary expresses concern over ‘substantial’ increases in living costs
US Treasury secretary fears consequences for West Bank economy if lenders’ ties are cut
Hawkish signals from some central bank members came before recent data pointing to cooling price pressures
Treasury secretary rejects Brussels claims of protectionist lurch by Washington
Peterson Institute says poorest Americans will suffer most if Republican wins election and raises levies as promised
Persistent inflation means American voters do not see evidence of an improving economy
Chronic underperformance is worrying EU policymakers who are searching for ways to inject some dynamism
The US central bank promised to cut interest rates this year. Should Joe Biden be worried if they don’t?
FDIC chair Gruenberg faces fresh calls to quit after being singled out as an angry boss who lacks trust to lead change
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