Articles
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4 days ago |
phillytrib.com | Ed Conway
There is, on the face of it, a clear logic behind President Donald Trump’s decision this month to raise the tariff on imported aluminum from 25% to 50%. He thinks the United States is too dependent on imports and that China is too dominant in the production of this essential metal.
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1 week ago |
edconway.substack.com | Ed Conway
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1 week ago |
msn.com | Ed Conway
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1 week ago |
news.sky.com | Ed Conway
Is the cost of living crisis over? If you're looking purely at the annual inflation data, the numbers us journalists, not to mention politicians and economists, tend to focus on, the answer might seem like: probably, yes. Sure, the rate is, at 3.4% in May, higher than the Bank of England's 2% target. But it's far below the double-digit peaks experienced in 2022.
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1 week ago |
washingtonpost.com | Ed Conway
Ed Conway is a journalist for Sky News and author of “Material World: The Six Raw Materials That Shape Modern Civilization.”There is, on the face of it, a clear logic behind President Donald Trump’s decision this month to raise the tariff on imported aluminum from 25 percent to 50 percent. He thinks the United States is too dependent on imports and that China is too dominant in the production of this essential metal.
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To the surprise of absolutely no-one, @BankofEngland just left interest rates on hold at 4.25%. But three MPC members voted for a cut. Markets now putting an 85% probability of a cut to 4% in August. Then again, who knows what will happen in geopolitics between now and then?
James has the right idea. All charts should begin in 1830, if not earlier.
Bank of England keeps rates at 4.25%, with three votes for a quarter point cut. Lots of news since May, though, so big issue is where rates go from here. Thread on that to follow… https://t.co/RhVw6PkxOd
Strictly speaking, @ONS didn't revise the April CPI figure (it has a policy of not doing post-hoc revisions on inflation data). However, it DID say the April fig SHOULD have been 3.4%, not 3.5%. So this is one of those weird cases where inflation both dropped and stayed the same
@SkyNews @EdConwaySky It did not ease. It stayed the same following ONS revision of April inflation from 3.5% down to 3.4%