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Quick Overview Japanese household spending in July rose just 0.1% year-on-year, missing expectations; Inflation-adjusted wages grew, but consumers remain cautious about long-term wage stability; Consumers shifted spending towards non-essentials, cutting
Quick Overview Massive Wealth Erosion: $16 billion lost by China’s wealthiest due to stock selloffs in Nongfu Spring and PDD Holdings. Zhong Shanshan’s Setback: Nongfu Spring’s 10% stock drop slashed
Key Points Inflation Slows: U.S. consumer prices rose by 2.9% in the 12 months leading to July, the slowest increase since March 2021. Rate Cut Speculation: As inflation nears the
Key Points Fed’s Balancing Act: Jerome Powell’s mission to reduce inflation to 2% faces challenges as unemployment rises. Jamie Dimon’s Doubts: Dimon questions the Fed’s ability to hit the 2%
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