Fed minutes show little support for interest rate cut later this month
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
an hour ago
- South China Morning Post
Philippines' Marcos secures trade deal with Trump, but tariffs only drop 1 percentage point
Read more: Despite weeks of high-stakes negotiations, the US offered only a symbolic concession in the trade deal clinched by Philippine President Ferdinand Marcos Jnr as he wrapped up his Washington visit on July 22, 2025. US President Donald Trump only agreed to lower threatened tariffs by 1 percentage point, from 20% to 19%.


South China Morning Post
an hour ago
- South China Morning Post
In debt-bloated US, stablecoin a new financial weapon in the making
Imagine a 500lbs man. Eighty per cent body fat. His arteries are clogged, his heart is on the blink. A doctor tells him to do 100 burpees a day to save his life. It's not bad advice – burpees are great for losing weight – but let's be honest. The man can't even kneel, let alone jump. The method isn't wrong. It's just impossible. That man is the US economy. And the debt – all US$36.65 trillion of it – is the fat. Let's cut through the noise. Recent headlines have been about the supposed feud between Elon Musk and US President Donald Trump. Sure, the friction is real, and their political interests don't quite align any more. But the real story isn't personal. It's structural. It's about how the world's most powerful nation – obese with debt – is quietly looking for a cheat code. It's not going to be austerity. Trump, with his 'big, beautiful' spending plans , has no interest in cutting back. Even if government departments miraculously shaved off a trillion dollars annually, that would barely cover the interest on the debt. Fiscal discipline isn't on the menu. The patient has no intention of dieting – he just wants a miracle drug. And here's where things get interesting. The US government may be exploring a new financial weapon: the stablecoin


The Standard
2 hours ago
- The Standard
Shanghai market regulator cracks down on food delivery price wars
A journalist checks the Starbucks menu on the Meituan app on her phone, at a Starbucks flagship store in Beijing, China January 18, 2022. REUTERS