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The battleground election state is booming — but the US president is not getting credit
Demand, on the other hand, is not helping US housing markets
President Biden risks undermining sound economic policy and support for a key ally if he blocks the Nippon Steel deal
US is alienating Japan and EU by mishandling its obsession with swing voters in steel states
Immigrants get the job done
And more on the low-end consumer
Subsidies, tariffs and good intentions don’t add up to what is needed
Hardline rhetoric reduces some of America’s most important allies and trading partners to a nuisance
The headline acts will be the US Federal Reserve, the Bank of Japan and the Bank of England
FT-Chicago Booth poll suggests bank will make two or fewer cuts this year, with the first between July and September
Market Questions is the FT’s guide to the week ahead
Retail sales reach a plateau while company executives see disposable income squeezed
Yields have fallen in recent months despite warnings over rising deficit
Traders bet on three quarter-point cuts in 2024, down from expectation for six or seven at start of year
Interest rates are shedding their suffocating dominance over global markets
As the moment for easing nears, central bankers must stay clear-eyed on the data
JPMorgan says companies’ pricing decisions will be ‘key’ for the economic outlook
National Association of Realtors has agreed to pay $418mn in damages in a deal that sent brokerage shares lower
The inversion will continue until morale deteriorates
Fund managers turn to tech stocks after fears over lingering inflation recede
While most homebuyers are still hobbled by high mortgage rates, sales of luxury homes are surging
President seeks to keep company ‘domestically owned and operated’ despite Washington’s alliance with Tokyo
US inflation remains stubbornly over 3%. Will the markets stay stubbornly high?
From geopolitical risk to capricious US decision-making, investors face uncertain times
And more on JPMorgan and scale in banking
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