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☆ Opinion | How to Support Ukraine Beyond the Next Election
▼ + stars: | 2023-09-15 | by ( The Editorial Board | ) www.nytimes.com time to read: +1 min

A heated and sometimes nasty debate is raging over how to end the war in Ukraine, intensified by the less-than-hoped-for advances of the Ukrainian counteroffensive and shifting American support for continuing aid to the country. A CNN survey released on Aug. 4 found that among liberals, 69 percent back more funding, but only 31 percent among conservatives do. That gives Russia a strong incentive not to negotiate until after the 2024 election. Mr. Putin, who chose to wage this war, could end it today simply by calling back his troops. Yet he continues his claim to nearly a fifth of Ukraine’s territory and has shown no interest in a cease-fire.

Persons: Vladimir Putin, Donald Trump’s, Putin Organizations: CNN, Russia Locations: Ukraine, Russia, United States

☆ European Central Bank hikes rates to record level as inflation risks outweigh economic gloom
▼ + stars: | 2023-09-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

President of the European Central Bank (ECB) Christine Lagarde gestures as she addresses a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on July 27, 2023. The European Central Bank on Thursday announced a 10th consecutive hike in its main interest rate, as the fight against inflation took precedence over a weakening economy. The unprecedented series of rate rises has now hauled the central bank's deposit facility from -0.5% in June 2022 to a record 4%. Money markets indicated a roughly 63% chance of a hike through Thursday morning, up from a more even split in recent days. The report came from a source ahead of the release of its quarterly projection Thursday.

Persons: Christine Lagarde Organizations: European Central Bank, ECB Locations: Frankfurt, Germany

☆ Russia Repels Attack on Ship in Crimea: Live Ukraine War Updates
▼ + stars: | 2023-09-14 | by ( Andrés R. Martínez | ) www.nytimes.com time to read: +9 min

News AnalysisA photograph released by North Korean state media showing President Vladimir V. Putin of Russia with the North Korean leader Kim Jong-un at the Vostochny Cosmodrome in Russia on Wednesday. The Korean War never officially ended after the guns fell silent in a cease-fire in 1953. North Korea, though isolated and impoverished, has prioritized a military buildup, with its propaganda machines urging constant vigilance against American invasion. Image At the border between North Korea and South Korea. “Trust is so low among Russia, North Korea and China that a real alliance of the three isn’t credible or sustainable.”

Persons: Vladimir V, Putin, Kim Jong, Matthew Miller, , Putin “ , Chang W, Lee, ”, Yang Uk, Yoon Suk Yeol, It’s, ” Mr, Yang, Michael Park, Kim, “, Siemon, Mr, Wezeman, Hong Min, Hong, David Guttenfelder, Leif, Eric Easley Organizations: North, North Korean, Vostochny, United Nations, State Department, New York Times, Asan Institute, Policy Studies, ” Artillery, ., The New York Times, Stockholm International Peace Research Institute, NATO, Korea Institute for National Unification, Russian, Mr, Ewha Womans University Locations: North Korean, Russia, . Washington, Moscow, South, United States, Ukraine, Russia’s, North Korea, Pyongyang, Washington, South Korea, Soviet, Syria, Iran, Korea, “, Seoul, Changwon, Stockholm, Sweden, North, , Zaporizhzhia, Komsomolsk, Vladivostok, China

☆ European Central Bank is set for hawkish pause as the economy turns south
▼ + stars: | 2023-09-13 | by ( Annette Weisbach | ) www.cnbc.com time to read: +1 min

FRANKFURT — The European Central Bank is set to keep rates steady Thursday as economic activity in the euro area decelerates at a faster pace than previously expected. Shoppers in the region are holding back on spending as inflation eats up their disposable income, while the manufacturing sector has been in decline since around mid-2022. But whether this will prove to be the case is a still open debate inside the walls of the Frankfurt institution. "As a result, price pressures might be less sensitive to weaker growth than would typically be expected." Headline inflation for August was slightly higher than expected at 5.3%.

Persons: Paul Hollingsworth Organizations: FRANKFURT, European Central Bank, Shoppers, BNP, ECB Locations: Frankfurt

☆ Morning Bid: China developers catch break, BOJ hawks take flight
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 8, 2023. The drama isn't over: Sources say the extension applies to six of eight bonds under discussion, with voting delayed on the other two. The embattled developer has already dodged default twice this month, winning a three-year extension on offshore bond payments and making a last-minute coupon payment. Traders certainly lean toward a quarter-point hike next week, putting the probability at about 80%. But they're split on the chances of another, laying just north of 50/50 odds of one by March.

Persons: Kevin Buckland, Kazuo Ueda's, rumblings, BOE, Catherine Mann, it's, Sam Holmes Organizations: REUTERS, Staff, HK, Bank of Japan, Bank of England, Federal Reserve, ECB, Fed, Traders, Spain CPI, Thomson Locations: Frankfurt, Germany, Asia, Spain

☆ As China’s economy hits turbulence, a top Treasury official heads to Hong Kong to deepen ties with Beijing
▼ + stars: | 2023-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

New York CNN —A top US Treasury official is heading to Hong Kong as the White House continues its quest to ease tensions with Beijing and avoid a destabilizing crisis. During the trip, Neiman — the highest-ranking Treasury official to visit Hong Kong since 2019 — plans to meet with government officials, private sector economists and executives from the financial and legal sectors. He is also set to meet with US companies that are members of the American Chamber of Commerce in Hong Kong as well as with students. “Neiman will stress the United States’ focus on securing and advancing our economic and national security interests, along with those of our allies, and protecting human rights,” the Treasury official told CNN. Hong Kong is a semi-autonomous Chinese territory that is also the country’s international financial center.

Persons: Brent Neiman, Neiman, ”, “ Neiman, Ilaria Mazzocco, Joe Biden, Antony Blinken, John Kerry, Janet Yellen, Gina Raimondo, Yellen’s, Biden, Raimondo’s, can’t, Mazzocco, Yellen, Raimondo, “, ’, ” Clayton Allen, ” Allen, ” Nikki Haley, Nikki Haley, CNN’s Jake Tapper, Wally Adeyemo, it’s, ” Adeyemo, CNN’s Poppy Harlow, Andrew King Organizations: New, New York CNN, US Treasury, US, Treasury, CNN, American Chamber of Commerce, Center for Strategic & International Studies, Washington, Apple, Huawei, Eurasia Group, Republican, Future Union Locations: New York, Hong Kong, Beijing, China, States, Washington, West, United States, “ China

☆ Opinion | Bayard Rustin Challenged Progressive Orthodoxies
▼ + stars: | 2023-09-12 | by ( James Kirchick | ) www.nytimes.com time to read: +3 min

In May 1966, the moderate integrationist John Lewis was ousted from the chairmanship of SNCC by the Black Power radical Stokely Carmichael. Committed to a political program that would improve the lives of the poor and working class regardless of their skin color, Mr. Rustin opposed racial preferences . Contrary to contemporary “antiracism” advocates who claim that the existence of racial disparities necessarily constitutes evidence of racism, Mr. Rustin asserted, “That blacks are underrepresented in a particular profession does not by itself constitute racial discrimination.”Another major source of tension between Mr. Rustin and the progressive left concerned American foreign policy. Briefly a member of the Young Communist League in the 1930s, Mr. Rustin followed the path of many a disillusioned ex-Communist by becoming a staunch anti-Communist. Although an early opponent of American military involvement in Vietnam, Mr. Rustin could not, as he wrote in 1967, “go along with those who favor immediate U.S. withdrawal, or who absolve Hanoi and the Vietcong from all guilt.

Persons: —, John Lewis, Stokely Carmichael, Rustin, “, Mr, ”, antiracism ”, George McGovern’s, leftward, Scoop Jackson Organizations: SNCC, Black Power, Negro, Democratic Party, Young Communist League, Communist, Social Democrats, USA, Socialist Party of America, Soviet Union, Democratic, Coalition for Locations: American, Vietnam, Hanoi, South Vietnam, Soviet, Washington

European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. "It's such a close call between the pause and the rate hike," said ING's global head of macro Carsten Brzeski. Traders are torn but favour an ECB pause, pricing in around a 40% chance of a hike. For many economists, one thing is clear: if the ECB has further tightening to deliver, September is likely its last chance. Even the hawks, keeping a hike on the table, say fresh ECB projections on Thursday are key to the decision.

Persons: Christine Lagarde, Kai Pfaffenbach, Reinhard Cluse, Mario Centeno, Isabel Schnabel, Austria's Robert Holzmann, Iain Stealey, Philip Lane, Kaspar Hense, Yoruk Bahceli, Stefano Rebaudo, Dhara Ranasinghe, Susan Fenton Organizations: European Central Bank, ECB, REUTERS, Central Bank, Traders, UBS, JPMorgan Asset Management, Reuters, ING, BlueBay Asset Management, Reuters Graphics Reuters, Thomson Locations: Frankfurt, Germany, Italy

Haley's stance on military aid to Ukraine after Russia's 2022 invasion in particular puts her at odds with much of her party's rank-and-file. The campaign is making a strategic wager, advisers said, that Haley's full-throated support for Ukraine is more popular among voters looking to move past Trump, than with the Republican Party writ large. That position puts her in conflict with rivals, Republican front-runner Trump, Florida Governor Ron DeSantis and tech entrepreneur Vivek Ramaswamy. Ambassador to the United Nations Nikki Haley speaks during a campaign town hall meeting in Claremont, New Hampshire, U.S., September 5, 2023. Haley is getting more attention from Republican voters since the first Republican primary debate on Aug. 23, where she strongly asserted the importance of confronting Russia and China.

Persons: Nikki Haley, Haley, Donald Trump, Ron DeSantis, Vivek Ramaswamy, Brian Snyder, Betsy Ankney, DeSantis, they're, Al Lepine, Mike Loftus, Gram Slattery, Grant McCool Organizations: United Nations, Republican, Reuters, Trump, U.S, United, REUTERS, Thomson Locations: MANCHESTER, New Hampshire, Mexico, Ukraine, China, Taiwan, U.S, Trump , Florida, Claremont , New Hampshire, Russia, Iran, Venezuela, MEXICO, United States, Europe

☆ Take Five: Doves versus hawks
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +5 min

Key UK jobs data and a G20 summit, marked by the absence of China's Xi Jinping, are also in focus. The doves urge caution; the most hawkish hawks say a pause is not a done deal, but haven't explicitly called for a hike either. Wednesday's August U.S. inflation data, followed by producer price and retail sales numbers a day later, are the next test. Next up are consumer and factory price data this weekend, with industrial output and retail sales out on the 15th. The unemployment rate has been edging above last year's 48-year low, indicating some softening in the jobs market, while basic earnings are rising at record pace.

Persons: Andrew Kelly, China's Xi, Ira Iosebashvili, Kevin Buckland, Li Gu, Amanda Cooper, Ahmad Ghaddar, haven't, Goldman Sachs, Xi Jinping, He's, BoE Governor Andrew Bailey, BoE, RUSH Brent, Dhara, Philippa Fletcher Organizations: Financial, of, REUTERS, European Central Bank, United States, Key, Yoruk Bahceli, ECB, Reuters, Huawei, SMIC, West, Bank of England, Thomson Locations: of Manhattan , New York City, U.S, Yoruk, Amsterdam, New York, Tokyo, Shanghai, London, China, United States, Washington, Beijing, India, Britain, Saudi Arabia, Russia, Iran, Venezuela, Libya

☆ Basketball Serbia beat Canada, return to World Cup final
▼ + stars: | 2023-09-08 | by ( Neil Jerome Morales | ) www.reuters.com time to read: +1 min

MANILA, Sept 8 (Reuters) - Serbia will return to the FIBA Basketball World Cup final after defeating Canada 95-86 by imposing their will in the paint and controlling the boards on Friday in Manila. The Balkan nation's stifling defence forced Canada into turnovers, and limited their North American counterparts to 15 points in the first quarter. He finished the game with 15 points, two rebounds, and nine assists, far below his tournament average of 25 points per game. Serbia lost to the United States 129-92 in the final of the tournament's 2014 edition in Madrid, Spain. The United States play Germany at 1240 GMT on Friday for the other slot in the final.

Persons: Bogdan Bogdanovic, Nikola Milutinov, Shai Gilgeous, Alexander, Canada's, Neil Jerome Morales, Christian Radnedge Organizations: FIBA Basketball, Canada, Manila ., Serbian, Atlanta Hawks, United, Thomson Locations: MANILA, Serbia, Manila, Canada, Serbian, United States, Madrid, Spain, China, Germany

☆ Morning Bid: Markets find feet after Apple topples
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +4 min

People walk near an Apple logo outside its store in Shanghai, China September 8, 2023. The stock appeared to stabilize in out-of-hours trade on Friday and Morgan Stanley analysts claimed China's iPhone bans would at most hit Apple revenues by about 4%. The upshot was the rates market calmed a bit - with the odds on another Fed hike in the cycle falling back below 50% despite the red hot jobless claims readout. That helped Treasury yields <US10YT+RR> fall back too, aided by the stock market wobble and an oil price coming off the boil. The stock exchange there halted trading in both securities and derivatives markets due to a black rainstorm warning.

Persons: Aly, Mike Dolan, Apple sideswipe, Morgan Stanley, We've, John Williams, Austan Goolsbee, Lorie Logan, Michael Barr, Mary Daly, Andrew Cawthorne Organizations: Apple, REUTERS, Federal, Huawei, New, Fed, Chicago Fed, Dallas Fed, San Francisco Fed, Kroger Reuters Graphics Reuters, Reuters, Thomson Locations: Shanghai, China, U.S, India, Asia, Hong Kong, United States, New Delhi

☆ United States, Serbia cruise into World Cup semi-finals
▼ + stars: | 2023-09-05 | by ( Neil Jerome Morales | ) www.reuters.com time to read: +2 min

[1/6] Basketball - FIBA World Cup 2023 - Quarter-Final - Italy v United States - Mall of Asia Arena, Manila, Philippines - September 5, 2023 United States players and coaching staff celebrate after winning the match REUTERS/Lisa Marie David Acquire Licensing RightsSummary United States, Serbia pull away in second quarterItaly and Lithuania respectively suffer heavy defeatsFour more teams vie for semis slots on WednesdayMANILA, Sept 5 (Reuters) - The United States and Serbia booked their tickets to the FIBA Basketball World Cup final four with rousing victories over Italy and Lithuania respectively on Tuesday. Team USA, the highest-ranked side still left in the tournament, trounced Italy 100-63 led by forward Mikal Bridges' game-high 24 points including 12 from distance. Earier, Serbia beat Lithuania 87-68 with Atlanta Hawks' Bogdan Bogdanovic leading the scoring with 21 points. Italy last beat the United States in 1978. Lithuania had won bronze in 2010 by beating Serbia 99-88 and came into Tuesday's game on a high after handing the United States their first loss of the tournament loss on Sunday.

Persons: Lisa Marie David Acquire, Mikal, Bogdan Bogdanovic, Bobby Portis Jr, Tyrese Haliburton, Neil Jerome Morales, Ken Ferris Organizations: Basketball, FIBA, Asia Arena, United, FIBA Basketball, Team USA, Italy, Lithuania, Atlanta Hawks, U.S, USA, Milwaukee Bucks, Serbia, Slovenia, Thomson Locations: Italy, United States, Asia, Manila, Philippines, States, Serbia, Lithuania, MANILA, Earier, Germany, Latvia, Canada, Indonesia, Japan

☆ South African police say 18 suspects killed in shootout
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: 1 min

JOHANNESBURG, Sept 1 (Reuters) - Eighteen suspects were shot and killed during a shootout with South African police in the Limpopo province, the police said on Friday. Senior police officials were on their way to the crime scene in Makhado in South Africa's northernmost province, elite police unit the Hawks said in a statement, without providing further details. Reporting by Bhargav Acharya Editing by Alexander WinningOur Standards: The Thomson Reuters Trust Principles.

Persons: Bhargav, Alexander Winning Organizations: South, Senior, Hawks, Thomson Locations: JOHANNESBURG, Limpopo, Makhado, South Africa's

MARSHALL, MICH. – On a gusty morning in a quaint central Michigan town, the sun's glow hits the brightly colored mural on the side of a brick building. About a five-minute drive past an antique store, a book shop and a retro pharmacy is a wide field where construction has begun. Ford ultimately landed in Marshall, a town with just under 7,000 residents. Pros and consYet on the ground in Marshall, where the site is being prepped for construction to begin, the reality is much more complicated. Excitement for the site is paired with concerns about how life in a charming small town could change with the introduction of a major industry.

Persons: MARSHALL, Caryn Drenth, David Miltenberger, Ford, Joe Biden, Chuck Schumer, Derek Allen, Allen, Covid, Marshall Organizations: Marshall Hardware, Marshall, Hawks, Ford Locations: Michigan, Marshall, Serendipity

Specifically, she outlined puzzlement at why the inflation-adjusted risk-free rates priced by markets - real Overnight Index Swap yields from one to 10 years - had subsided again since the last ECB rate hike in July - back to where they were in February when ECB policy rates were just 2.5%. Long-term real yields from benchmark German government bond markets are positive again this year for the first time in almost a decade. But they have fallen almost 20bp from just before the last ECB rate hike to just above 0.1% now. Minutes released today from the last ECB meeting suggest the council is still undecided about its next step this month, but many market analysts see the tension building. ECB chart from Isabel Schnabel speech on rising market inflation premiaReuters GraphicsReuters GraphicsThe opinions expressed here are those of the author, a columnist for Reuters.

Persons: Isabel Schnabel, It's, Carsten Brzeski, Josie Kao Organizations: Central Bank, disinflation, ECB, Reuters Graphics Reuters, ING, Reuters, Thomson Locations: Frankfurt, U.S

☆ AI isn't overhyped, but some of the stocks are: JMP Securities CEO
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI isn't overhyped, but some of the stocks are: JMP Securities CEOJMP Securities CEO Mark Lehmann joins 'Squawk on the Street' to discuss Lehmann's expectations for the economy going forward, if there's enough disinflation to soothe the 'hawks', and the chief executive's thoughts on artificial intelligence.

Persons: Mark Lehmann Organizations: JMP Securities, JMP

☆ Euro steadies as markets raise bets of ECB hike after inflation data
▼ + stars: | 2023-08-30 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

[1/2] Euro and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. Money markets raised their bets on a September rate hike from the ECB, pricing in a 60% chance of a 25 basis-point move. "One key input to arrive at a final assessment is the inflation data this week," he added. The dollar index - which measures the currency against six major peers including the yen and euro - slipped 0.1% to 103.47. INTERVENTION TERRITORYThe dollar rose 0.35% to 146.38 yen .

Persons: Dado Ruvic, Benjamin Schroeder, pare, Charu, Jerome Powell, Naoki Tamura, bitcoin, cryptocurrency, Joice Alves, Kevin Buckland, Tom Westbrook, Miral Fahmy, Alex Richardson Organizations: U.S, REUTERS, European Central Bank, Federal, Reuters, Money, ECB, ING, Fed, Saxo . Money, Bank of Japan, Reserve Bank of Australia, People's Bank of, Thomson Locations: Germany, Spain, North Rhine, Westphalia, NRW, People's Bank of China, London, Tokyo

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON/TOKYO, Aug 30 (Reuters) - The euro eased against the dollar on Wednesday as investors looked to more labour market data in the U.S. and inflation data in the euro zone to provide clues on the path for central banks policies. "One key input to arrive at a final assessment is the inflation data this week," he added. The euro eased 0.2% to $1.0856. The dollar index - which measures the currency against six major peers including the yen and euro - edged 0.1% higher at 103.67. INTERVENTION TERRITORYThe dollar rose 0.38% to 146.43 yen .

Persons: Dado Ruvic, Benjamin Schroeder, pare, Matt Simpson, Jerome Powell, Naoki Tamura, bitcoin, cryptocurrency, Joice Alves, Kevin Buckland, Tom Westbrook, Miral Organizations: REUTERS, Reuters, Money, ECB, ING, Index, Fed, Bank of Japan, Reserve Bank of Australia, People's Bank of, Thomson Locations: TOKYO, U.S, Spain, Germany, Westphalia, NRW, People's Bank of China, London, Tokyo

A Shein logo is pictured at the company's office in the central business district of Singapore, October 18, 2022. The letter urged the SEC to ensure that Shein and other foreign companies listed on U.S. exchanges verify through independent audits that they comply with U.S. laws that prohibit imports made with any forced labor. Shein has previously said it does not plan to IPO this year and has zero tolerance for forced labor. Shein has been able to rapidly expand in the U.S. despite concerns over its labor practices and sustainability. In May, two dozen U.S. representatives sent a similar letter to the SEC asking for it to halt a potential Shein IPO until the company confirmed that it does not use forced labor.

Persons: Chen Lin, Shein, Todd Rokita, Arriana McLymore, Cynthia Osterman Organizations: REUTERS, Securities and Exchange Commission, SEC, Reuters, New York Stock Exchange, Nasdaq, Indiana, Republican, Thomson Locations: Singapore, U.S, China, Washington, Beijing, Shein, Indiana, New York City

☆ US raises concerns by Micron, Intel with China
▼ + stars: | 2023-08-28 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

[1/3] U.S. Commerce Secretary Gina Raimondo delivers her speech at a reception with U.S. Industry and Chinese Government Officials hosted by U.S. Ambassador to China Nick Burns, in Beijing, China, August 28, 2023. Raimondo wants to address concerns from U.S. businesses that are having difficulties operating in China. Raimondo told reporters that she had discussed concerns over China's effective ban on purchases of Micron memory chips with her Chinese counterpart. Secretary Raimondo must stand up to our greatest adversary."

Persons: Gina Raimondo, China Nick Burns, Andy Wong, Wang Wentao, Raimondo, Biden, Raimondo's, Janet Yellen, Antony Blinken, Joe Biden, Marsha Blackburn, Export Enforcement Matthew Axelrod, We're, David Shepardson, Susan Heavey, Chris Sanders, Mike Harrison, Matthew Lewis Organizations: . Commerce, . Industry, Government, U.S, REUTERS Acquire, Rights, Intel, Micron Technology, Chinese Commerce, Commerce Department, Micron, Reuters, Republican, U.S . Commerce Department, Export Enforcement, Ministry of Commerce, Commerce, United, Thomson Locations: China, Beijing, Rights BEIJING, New York, Washington, Republican China, U.S, United States

Her visit, which will include meetings with business leaders and government officials, including her Chinese counterpart, Wang Wentao, will be closely watched as she looks for common ground on trade, even as she seeks to curtail it. Here is what Ms. Raimondo expects to focus on during her trip, according to The Times’s Ana Swanson, Alan Rappeport and Keith Bradsher. Ms. Raimondo is likely to defend the escalating tech war, which she will argue is meant to protect U.S. national security. (Ms. Raimondo said on Monday that she would neither compromise nor negotiate on that point.) The White House this month announced plans to bar private equity and venture capital firms from making investments in China in quantum computing and advanced semiconductors.

Persons: Raimondo, Gina Raimondo, Wang Wentao, Ana Swanson, Alan Rappeport, Keith Bradsher, Ms Organizations: China, Biden administration’s, U.S Locations: Beijing, China

Eight candidates will appear onstage for the first Republican debate on Wednesday. Many far more politically experienced contenders have met their end under the bright lights of the debate stage. How Republican voters respond will offer some early clues into the ideological future of the party, particularly in a post-Trump era. He participated in eight face-offs during the 2016 campaign and helped coach Mr. Trump for his presidential debates in 2020. The debate offers Mr. Christie an opportunity to take aim at those aligned with Trumpism, even if they are opposed to Mr. Trump.

Persons: Donald J, Trump, Mitt Romney, gantlet, ”, Newt Gingrich, “ Donald Trump, —, Tucker Carlson, Ron DeSantis, Jordan Gale, Donald Trump, ” Mr, DeSantis, Trump’s, parry, Vivek Ramaswamy, Chris Christie, Pence, Mike Pence’s, AJ Mast, Mike Pence, Ramaswamy, Vivek Ramaswamy’s, MAGA, Victoria Coates, Roe, Wade, Tim Scott of, Christie, Scott, Nikki Haley, Will Christie, David Degner, Coke, New Coke, “ Ron DeSantis, Tim Scott, Haley, Doug Burgum, Maddie McGarvey, Burgum, Asa Hutchinson, “ We’re Organizations: Republican, Trump, Fox News, Fair, The New York Times, Wednesday, Fox News Radio, PAC, Ukraine, Harvard, Russia, Democratic, Republicans, United Nations, Mr, Credit, The New York, Gov Locations: Atlanta, Florida, Ukraine, Tim Scott of South Carolina, New Jersey, New Hampshire, South Carolina, U.N, Iowa, North Dakota, Arkansas

☆ Fed doves, Fed hawks: US central bankers in their words
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

The following graphic offers a stab at how officials stack up on their outlook for Fed policy and how to balance their goals of stable prices and full employment. Note: Fed policymakers have been driving up borrowing costs since March 2022 to bring down high inflation, and in July they increased the target policy rate range to 5.25%-5.5%. Longtime banker Jeff Schmid starts as Kansas City Fed president Aug. 21, and will be a voter in 2025. St. Louis Fed President James Bullard, a vocal policy hawk, left the Fed in July for a job in academia; the new chief will be a 2025 voter. Reporting by Ann Saphir, Howard Schneider, Michael S. Derby and Dan Burns; Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Jeff Schmid, Louis, James Bullard, Ann Saphir, Howard Schneider, Michael S, Dan Burns, Marguerita Choy Organizations: Federal, Federal Open, New York Fed, Kansas City Fed, Louis Fed, Fed, Derby, Thomson Locations: Kansas, St

☆ Asian stocks hit 9-month lows on worries over China economy, US rates
▼ + stars: | 2023-08-17 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Losses were broad-based across Asia Pacific on Thursday, with Japan's Nikkei (.N225) and Australia's S&P/ASX 200 index (.AXJO) down 1%. "Some participants" cited the risks to the economy of pushing rates too far even as "most" policymakers continued to prioritise the battle against inflation. The U.S. central bank hiked rates by 25 basis points at the July meeting after standing pat in June. The rising yields lifted the dollar, with the dollar index , which measures the U.S. currency against six rivals, touching a two-month peak of 103.58 as investors sought safety. Worries over China and the trajectory of the U.S. interest rates also rattled the commodities market, with oil prices dropping for the fourth straight session.

Persons: Issei Kato, HSI, Taylor Nugent, Jerome Powell, Shunichi Suzuki, Brent, Ankur Banerjee, Muralikumar Organizations: REUTERS, Rights, Federal Reserve, Asia Pacific, Japan's Nikkei, NAB, ING, Finance, Thomson Locations: Tokyo, Japan, Asia, Pacific, China, U.S

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