Also in today’s newsletter, fresh UK far-right violence and EU members to back China EV tariffs
On both sides of the Atlantic, the configuration of strictures on central banks and governments may risk economic wellbeing
Valdis Dombrovskis confident measure will enter into force in November
Plus, the Olympics draw to a close, earnings season rolls on and the UK celebrates the precious gift of childhood fun
Market Questions is the FT’s guide to the week ahead
Classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China
Data spurs traders to increase bets on Fed rate cuts this year
US central bank’s decision to hold interest rates at 23-year high criticised by economists and politicians
Since the pandemic, consumer spending has remained strong. But three months before the election, there are signs that demand is weakening
Also in this newsletter: US labour market cools, Amazon underwhelms Wall Street and Voyager 1 starts talking again
More than a dozen killed as security forces fire on demonstrators inspired by youth-led Kenyan revolt
Also in today’s newsletter, Middle East enters ‘new phase’ and Evan Gershkovich released
A bigger rate cut than the Fed envisages may be warranted in September
Second-quarter earnings of $1bn missed expectations as hedging costs on floating rate exposure has yet to pay off
Central bank governor Andrew Bailey warns of dangers of moving ‘too much or too quickly’ after first reduction in more than four years
The rate-cutting cycle is unlikely to be a smooth ride down
Container shipping group forecasts higher profits for third time since May
How higher rates really can drive higher inflation
German carmakers say the threat of a trade war between Europe and Beijing is looming
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
Also in today’s newsletter, wildfires rage in Canada, and Middle East tensions rise
Tacit acknowledgment of this by the country’s central bank signals a shift to more honest thinking
Brazil’s Leticia Carvalho sets out pro-conservation stance ahead of vote to elect International Seabed Authority chief
Central bank holds rates steady but comments by chair Powell boost expectations of pre-election move
Reduction from 16-year high this week now given odds of over 60% by markets
