Overseas Headlines – June 6, 2022

United States:

Fed Delivers Fuzzier Rate Message as It Gauges Impact of Hikes

“With half-point interest-rate increases all but certain in June and July, Federal Reserve officials are shifting the focus away from a destination on hikes to something that’s trickier to determine and explain: the broader impact of their policies on the economy.”



Europe’s Savings-Fueled Consumers Are Facing Down Inflation

“Powered by savings amassed during two years of coronavirus curbs, Europe’s consumers aren’t yet letting record inflation get in the way of a spending binge that’s underpinning the continent’s pandemic recovery.”



China Exports Disinflation as Stimulus Helps Cut Costs: Pantheon

“China will ease global inflationary pressures this year as the nation’s pledges to support the economy help to cut production costs, according to Pantheon Macroeconomics Ltd.”



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