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UK retail sales volumes rose 1.2% mom in May, comfortably beating expectations of 0.5% mom and providing fresh evidence that consumer spending remains resilient despite high interest rates and a slowing economy. Sales volumes were Read more…
Markets Needless to say that new Fed chair Warsh made it clear that he wants to break with the Bernanke-Yellen-(Powell) era. Inflation has been running above target for five years and it’s time to fix Read more…
Key takeaways The reopening of the Strait of Hormuz has accelerated the unwinding of the geopolitical risk premium. Crude oil has fallen sharply, with WTI posting a 10% weekly decline as Gulf oil exports resume Read more…