China factory growth slows in June as trade tensions rise
Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world’s second-biggest economy. Read more @ https://www.reuters.com/article/us-china-economy/china-factory-growth-slows-in-june-as-trade-tensions-rise-idUSKBN1JQ02A?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
The Fed has met its inflation target. Now what?
- The Federal Reserve’s favorite inflation gauge rose to 2 percent in May, matching the central bank’s target.
- That on its face would give a green light to the central bank to continue its slow, steady rate-hiking plan.
- However, the bond market has been reflecting fears that a recession could be on the horizon, an obvious obstacle to the Fed’s intentions. Read More @ https://www.cnbc.com/2018/06/29/the-fed-has-met-its-inflation-target-now-what.html
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