>"Barry Eichengreen asks why the widely predicted shift toward renminbi-denominated foreign reserves _...Read More_

>"India is set to overtake Japan and Germany to become the world's third-largest economy, according to S&P Global and Morgan Stanley."

>"The major stocks impacted included Morgan Stanley, Verizon, AT&T, Nike and McDonald's, according to the NYSE's website."

Interesting news

>"We’ve been in a state of “permacrisis” for the past few years. Political, economic, military and financial turmoils have been adding up in a never-ending stream. It _...Read More_

[https://sg.news.yahoo.com/us-bans-sale-chinese-tech-093824961.html](https://sg.news.yahoo.com/us-bans-sale-chinese-tech-093824961.html) >"Banned Chinese companies include popular manufacturers of video surveillance cameras"

>"Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone."

>"China's central bank said on Friday it would cut the amount of cash that banks must hold as reserves for the second time this year."

>"But the mighty dollar isn't likely to be knocked off its global perch anytime soon, writes Christopher Smart."

>"Amazon Inc on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources."

>"Robust spending and a tight labor market complicate the Federal Reserve’s fight against high inflation"

>"Retail sales rose last month, and several companies reported strong earnings. But discounts seemed to drive a significant portion of purchases."

I think the Fed has made it perfectly clear that they place the blame solely on the labor market, and that the only course forward they will support is raising rates until unemployment goes up. [@AlexCPoon](/user/profile/AlexCPoon) please share your opinion on this _...Read More_