The European Central Bank Has Completed Most of Its Interest Rate Increases

The head of the Bank of France says that the European Central Bank has completed most of its interest rate increases. Comments add caution to a heated debate at the ECB over the outlook for interest rates ahead of their next meeting in July. U.S. President Joe Biden says his Chinese counterpart Xi Jinping was unaware that the alleged spy balloon had floated over the continental United States until it became an international incident. The EU's new economic security strategy includes export controls and increasing oversight of critical technologies.