China’s economic performance has been gloomy and generally below the market’s consensus. The National Bureau of Statistics of China had released July’s CPI , YoY -0.3% , a slightly bit better than market’s expectation of -0.4% . This is the first time China fell into deflation since early 2021.
Most of the news circulating out there were portraying this set of data badly , but the MoM increment in CPI was neglected by the market.
From the chart abov...

The Charge Around Australia project will power a Tesla electric car with 18 of the team's printed plastic solar panels, each 18 meters (59 feet) long, rolling them out beside the vehicle to soak up sunlight when it needs a charge.
Meanwhile, they will use it to power a Tesla on a 15,100-km (9,400-mile) journey beginning in September, which they hope the public will think about steps to help avert climate change.
The inventor of the printed solar pane...

Federal Reserve Bank of St. Louis President James Bullard said the central bank needs to move quickly to raise interest rates to around 3.5% this year with multiple half-point hikes and that it shouldn’t rule out rate increases of 75 basis points.
“More than 50 basis points is not my base case at this point,” Bullard said. A known hawk, Bullard has been favoring faster and more aggressive rate hikes by the Fed.
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