Financial

Fed Governors Bowman and Waller Dissent in Favor of Rate Cuts Powell “Inflation Remains High Even Without Tariff Effects” Wait-and-See Mode Until September Meeting “More Learning Needed” Federal Reserve Chair Jerome Powell sp

The tide of change is slow to turn, Yet signals rise, too clear to spurn. What waits beneath the calm facade, May soon emerge to shift the guard. In its latest policy meeting, the Bank of Japan (BOJ) chose once again to hold interest rates steady, resisting the growing pressure seen across global central banks. But behind this seemingly calm surface lies a powerful signal. For the first time in years, the BOJ revised its projected inflation rate upward, from 2.2% to 2.7%.

Beyond the numbers, there is a silence. Cities grow taller, but profits shrink. Under the glass towers and debt-led pride, something hollow echoes inside. China’s real estate crisis is no longer just a slow leak in a tire. It has become a dead weight dragging down the momentum of an entire financial ecosystem. While headlines this week zoomed in on HSBC’s earnings disappointment, the real story lies beyond a single bank’s quarterly results.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

The U.S. is set to implement reciprocal tariffs without delay starting August 1. Brazil, still without a trade deal, insists it "won’t wag its tail for Washington." China has extended its tariff truce with the U.S.

Rates remain steady. Tariffs raise costs. Price relief lies months ahead. As the Federal Reserve wrapped up its July meeting, Chair Jerome Powell confirmed a cautious tone, stating that there would be no interest rate cut this month. The Fed wants more time to assess how recent tariffs will impact inflation. Although trade negotiations with major partners appear to be nearing a conclusion, the impact of the new reciprocal levies is only now starting to be felt.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

Revival of U.S.

A gate once open now starts to close. The stream of data begins to slow. What once was shared must now be earned. And every byte comes with a toll. For years, financial technology companies have thrived on open access to consumer banking data, allowing them to build tools for budgeting, investing, lending, and payments. But a recent move by JPMorgan Chase may redraw the boundaries of that ecosystem.

They call it crisis avoidance. France and Germany emerge as the most brutal hit. Yet the scars of compromise may outlast calm. From the outset, the European Union appeared outmaneuvered at the negotiating table. Though widely touted by U.S. leaders as a diplomatic success, the new trade framework between Brussels and Washington left many Europeans reeling. National divisions, cautious leadership, and the specter of a threatened 30 percent tariff prompted the EU to accept a deal widely viewed as favorable only to American interests.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

First Case Emphasizing XRP Utility EmergesReal Contest Lies in Replacing Financial Infrastructure

U.S. Imposes Additional $55 Billion in Tariffs Tariff Burden Ultimately Shouldered by American Companies High Likelihood of Cost Pass-Through to Consumers via Price Increases The U.S.

Bank of England effectively halts issuance of a digital pound. CBDC-related discussions face setbacks in both the U.S.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

Forecasts for stablecoin market growth remain sharply divided. J.P. Morgan warns the “Genius Act” may expose vulnerabilities in Tether's dominance. Building market trust remains an urgent challenge. J.P.

Trump criticizes Fed during visit, raising concerns over headquarters renovation. Makes blunt call for Powell to “cut interest rates.” Market sees slim odds of rate cut at upcoming July FOMC meeting. With the July meeting of the Federal Op