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FT News Briefing
Double-edged sword of deregulation
Jul 12, 2024
Brooke Masters, FT's expert on regulatory risks, discusses US inflation, China's economic meeting, and the risks of deregulation. Topics include Supreme Court decisions, implications of deregulation on industries, and shifting power to the judiciary.
11:45
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Quick takeaways
- US inflation dropping to 3% influences Fed's rate cut decisions.
- China's Party leaders prioritize gradual economic nurturing over bold actions.
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U.S. Inflation Rate Decreases to 3% in June
In a positive turn for the U.S. economy, inflation rates have dropped to 3% in June, surpassing expectations. Notable reductions in price increases have been observed, particularly in energy and housing-related expenses. This decline in inflation is crucial as it influences the Federal Reserve's decisions on adjusting interest rates, with expectations leaning towards a rate cut starting in September.
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Discover
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