Macroeconomic review of economies, corporate news from NVDA, AAPL, MSTR, ACN and other companies
• In contrast to the world's major central banks, the Fed appears positively hawkish. Even the Bank of Japan, which has been a leader in raising rates while its peers cut rates or prepare to cut them, took a dovish approach last week when it tabled quantitative tightening at its July meeting. The Bank of England now looks set to begin cutting rates in August, with the Swiss National Bank setting the pace with two successive cuts.
• US economic growth is slowing down- The number of people receiving unemployment benefits fell from 243 thousand to 238 thousand (235 thousand were expected).-...