Leonardo plant in Italy to close for four months because of Boeing problems

Barrons.com
Fed Officials See 3 Possible Paths for Rates
Faced with uncertainty, Fed officials are offering various scenarios for the economy and interest rates.
Yahoo Finance
Jobless claims data show 'warning sign' for the US labor market
The number of continuing applications for unemployment benefits just hit its highest level in more than two years, concerning economists that the labor market's softening may accelerate.
Yahoo Finance
New inflation reading offers hope for Fed rate cuts later this year
The Fed got another positive signal that inflation is easing after running hotter-than-expected in the first quarter, but the central bank still likely needs more time before cuts can begin in 2024.
The Telegraph
France’s hard-Right wants to cut the EU’s budget – Brussels should be worried
Jordan Bardella, the fresh-faced 28-year-old who could be the first French prime minister for Marine Le Pen’s hard-Right National Rally party, has designs on EU cash.
Yahoo Finance
Stock market today: Stocks inch higher with key inflation print looming
A sell-off in Micron put a dent in the AI bullishness that has fueled the tech-driven rally, as investors eye fresh economic data.
Reuters
Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut
Inflation in the U.S. "appears to be narrowing" and that should allow the Federal Reserve to cut interest rates later this year, Atlanta Fed President Raphael Bostic said in a policy essay released on Thursday. After concern that inflation might stall at an elevated level, Bostic said recent data point to renewed progress, including the fact that the share of goods and services increasing at a greater than 5% annual rate had dipped below 20% - more akin to where it was before the COVID-19 pandemic and similar to the share seen when inflation was slowing fast last year. "It's moving in the right direction," Bostic said of a metric he has singled out as one of his touchstones for the U.S. central bank's battle against inflation that spiked to a 40-year high in 2022.
Reuters
US weekly jobless claims, equipment spending data point to slowing economy
First-time applications for U.S. unemployment benefits drifted lower last week, but the number of people on jobless rolls jumped to a 2-1/2 year high in mid-June, suggesting that labor market conditions were easing amid slowing economic growth. The stream of softer data on the heels of a sharp slowdown in economic growth in the first quarter increases the probability of the Federal Reserve cutting interest rates in September. Economists do not see the data as suggesting that a recession was imminent.
CNN Business
It’s the economy, stupid. Here’s what you need to know about it for the presidential debate
Bill Clinton’s campaign was right on the money when it coined the famous “It’s the economy, stupid” slogan in 1992. That’s because the economy has consistently ranked among the top – if not the very top — voter issues in presidential election after presidential election.
USA TODAY
Ballooning U.S. budget deficit is killing the American dream
A soaring U.S. budget deficit will lead to lower incomes for Americans, economists say. That could kill the American dream for future generations.
Associated Press Finance
US weekly jobless claims fall, but the total number collecting benefits is the most since 2021
Fewer people applied for unemployment benefits last week but the total number of Americans collecting jobless benefits rose to the highest level in more than two years. The Labor Department reported Thursday that jobless claims for the week ending June 22 fell by 6,000 to 233,000 from 239,000 the previous week. The Federal Reserve raised its benchmark borrowing rate 11 times beginning in March of 2022 in an attempt to extinguish the four-decade high inflation that shook the economy after it rebounded from the COVID-19 recession of 2020.
The Telegraph
How the Tories’ 14-year tax raid is finally being laid bare
The number of pensioners paying income tax has risen by 42pc since the Tories came to power, as the true cost of the Government’s stealth tax raid is laid bare.
The Fiscal Times
IMF Warns of ‘Pressing Need’ to Address U.S. Debt
The International Monetary Fund said in a report Thursday that the U.S. economy “has turned in a remarkable performance over the past few years,” but added that there is now “a pressing need to reverse the ongoing increase in public debt-GDP ratio.” “The U.S. is only the G-20 economy whose GDP level now exceeds the pre-pandemic level. This is good for the U.S. and it is good for the global economy,” IMF Managing Director Kristalina Georgieva told reporters at a news conference Thursday. She also
The Telegraph
The Netherlands stung savers with 100 per cent tax rates – and now owes them billions
The Netherlands is expected to pay billions of pounds in compensation to taxpayers after a divisive levy on investments and second homes was shot down by the Dutch Supreme Court.
Evening Standard
Race out of recession picks up speed but house prices fall as mortgage time bomb ticks
Growth revised higher for the first quarter but millions face end of fixed-rate deals
Barrons.com
China’s Third Plenum Will Showcase the Country’s Contradictions
A major upcoming policy meeting will set the course of China’s economy, Seong-Hyon Lee writes in a guest commentary.
Reuters
Inflation in Japan's capital accelerates, keeps BOJ rate hike prospects alive
TOKYO (Reuters) -Core inflation in Japan's capital accelerated in June on rising fuel bills and the boost to import costs from a weak yen, data showed on Friday, keeping alive expectations for a near-term interest rate hike by the central bank. Separate data showed factory output rebounded nationally in May as automakers recovered from shipment disruptions, offering policymakers hope the economy was on track for a moderate recovery. The data may help the Bank of Japan (BOJ) make the case to raise interest rates as early as this month, as cost pressures from the weak yen heighten the chance of inflation staying well above its 2% target in coming months, analysts say.
The Telegraph
What to do now to shield your money from Labour taxes
With the countdown to the general election now in its final week, Labour has continued to do little to answer questions or quell concerns about its tax plans should it win power.
Associated Press
Federal Reserve's preferred inflation gauge shows price pressures easing further
A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Friday's Commerce Department report showed that consumer prices were flat from April to May, the mildest such performance in more than four years. Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May, the smallest increase since the spring of 2020, when the pandemic erupted and shut down the economy.
Reuters
Instant view: US inflation cools in May; consumer spending rises moderately
The flat reading in the personal consumption expenditures(PCE) price index last month followed an unrevised 0.3% gain inApril, the Commerce Department's Bureau of Economic Analysissaid on Friday. In the 12 months through May, the PCE priceindex increased 2.6% after advancing 2.7% in April. Economists polled by Reuters had forecast the PCE priceindex unchanged on the month and rising 2.6% year-on-year.
INSIDER
A Nobel Prize-winning economist breaks down exactly how Trump's proposed policies could make inflation worse
Inflation has slowed but is above its ideal rate. Nobel Prize-winning economist Joseph Stiglitz broke down why Trump's policies could make it worse.

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Leonardo plant in Italy to close for four months because of Boeing problems

Latest stories

Fed Officials See 3 Possible Paths for Rates

Jobless claims data show 'warning sign' for the US labor market

New inflation reading offers hope for Fed rate cuts later this year

France’s hard-Right wants to cut the EU’s budget – Brussels should be worried

Stock market today: Stocks inch higher with key inflation print looming

Fed's Bostic says inflation moving in 'right direction,' sees one Q4 rate cut

US weekly jobless claims, equipment spending data point to slowing economy

It’s the economy, stupid. Here’s what you need to know about it for the presidential debate

Ballooning U.S. budget deficit is killing the American dream

US weekly jobless claims fall, but the total number collecting benefits is the most since 2021

How the Tories’ 14-year tax raid is finally being laid bare

IMF Warns of ‘Pressing Need’ to Address U.S. Debt

The Netherlands stung savers with 100 per cent tax rates – and now owes them billions

Race out of recession picks up speed but house prices fall as mortgage time bomb ticks

China’s Third Plenum Will Showcase the Country’s Contradictions

Inflation in Japan's capital accelerates, keeps BOJ rate hike prospects alive

What to do now to shield your money from Labour taxes

Federal Reserve's preferred inflation gauge shows price pressures easing further

Instant view: US inflation cools in May; consumer spending rises moderately

A Nobel Prize-winning economist breaks down exactly how Trump's proposed policies could make inflation worse