FT News Briefing Double-edged sword of deregulation
Jul 12, 2024
U.S. inflation has surprisingly dropped to 3%, impacting future Federal Reserve decisions. Meanwhile, Chinese leaders are gearing up to tackle economic challenges. The conversation also dives into the risks associated with deregulation, particularly after a Supreme Court ruling that shifts regulatory power to the judiciary. This change may spell trouble for businesses navigating a new legal landscape, raising concerns about the influence of judicial appointments on regulatory legitimacy.
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Cooling US Inflation
- US inflation fell to 3% in June, exceeding expectations.
- This encouraging trend might influence the Federal Reserve's decision on interest rate cuts.
China's Economic Plenum
- China's Communist Party leaders will convene to discuss the struggling economy.
- While significant changes are unlikely, focus will be on long-term issues and potential reforms.
Deregulation's Double Edge
- Two Supreme Court decisions favor deregulation, limiting regulators' power and enabling more legal challenges.
- While seemingly pro-business, this shift could create unforeseen consequences for companies reliant on government agencies.