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The sell-side bank and Fed forecaster consensus is now aligned in expecting the first rate cut in June, with the previous outliers recently junking their recession calls.
The uniformity here oversells the degree of conviction around a June cut. These have moved a lot in 2024.
时政
(
twitter.com
)
由
Nick Timiraos
提交
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Beijing’s Friendship GPS Is Recalculating…
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Beijing’s Friendship GPS Is Recalculating…
It must be a tough week at China’s Ministry of Foreign Affairs.
On one side, Pakistan — the legendary Iron Brother (巴铁).
On the other, Afghanistan — the promising partner in China’s grand Belt and Road dreams.
When your best friend
时政
(
twitter.com)
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🚨TikTok CEO asked — “Why won’t you sell?”
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🚨TikTok CEO asked — “Why won’t you sell?”
“It’s not feasible,” & “would lead to banning of the app in the country.”
So, TikTok admits that it would rather sacrifice its U.S. users & revenue, than disconnect itself from a genocidal communist regime.
Logical business decision.
时政
(
twitter.com)
00:00:35
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