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Wage growth slows in major economies, EU's tax on 'dirty' imports may fragment global trade. JetBlue's bid for Spirit blocked. Haley and DeSantis face uphill battle to stop Trump. Insights on Iowa caucuses, presidential election strategies, and legal challenges faced by Trump. The correlation between trade, supply chains, and emission reduction is discussed.
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Quick takeaways
- Wage growth in major economies is slowing down, which could lead to central banks cutting interest rates to control inflation.
- Donald Trump's victory in Iowa does not guarantee his nomination or success in the general election, as results in other states may differ and the electorate in New Hampshire tends to be more moderate.
Deep dives
US Wage Growth Slows Across Major Economies
Wage growth in the US and other major economies is slowing down, with a decline in advertised wages and salaries in December. Central bankers see this as an opportunity to cut interest rates in order to control inflation. Lower wages mean less spending power, and this trend is expected to persist.
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