Fed policymakers had already all but promised half-point interest rate hikes at their meeting next week and again in late July. That would be more policy tightening in the space of three months than the Fed did in all of 2018. The central bank could even ditch its own forward guidance. Tenaciously hot U.S. expansion … Read more
BEIJING: China on Tuesday unveiled new guidelines to ease pressures on foreign trade companies and keep the country’s exports and imports stable. The country will further open up the economy and carry out cross-cyclical adjustments to support medium, small and micro-sized foreign trade companies, and guarantee their orders and stabilise expectations, according to the guidelines … Read more
WASHINGTON: About two dozen US business associations have urged the Biden administration to reduce tariffs on Chinese goods to provide relief to Americans amid rising inflation pressures. “Tariffs put in place over the last several years continue to disproportionately cause economic harm to US businesses, farmers, workers and families,” the business associations, led by the … Read more
