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China strikes back

China strikes back

We suspend our usual programming to cover the developing financial market and likely economic reaction to China’s decision to let the yuan tumble in retaliation to President Donald Trump’s decision last week to place a 10% tariff on an additional $300...
Is that inflation we see?

Is that inflation we see?

The core Personal Consumption Expenditures Index, the Federal Reserve’s preferred measure of inflation, picked up in May by 0.2% from April. That took the annual inflation rate to 1.6%. That was just above the median estimate from economists surveyed by Bloomberg and...
Oil rallies on U.S. inventory drawdown, record U.S. exports, slip in U.S. production–and, oh yes, those pesky tensions with Iran

Oil rallies on U.S. inventory drawdown, record U.S. exports, slip in U.S. production–and, oh yes, those pesky tensions with Iran

U.S. benchmark West Texas Intermediate crude is now up 10% for the week following on a 2.44% jump in price to $59.24 a barrel today. International benchmark Brent crude gained 1.94% to $66.31 a barrel. Continued tensions between the United States and Iran, of course,...