Plus, Beijing accelerates its buildup in space and a drone maker cleans 28 tons of waste from Mount Everest |WSJ China for Aug. 4.

Source: wsj.com

Markets won’t stop trying to predict the Fed’s actions in the face of less information.

Source: axios.com

Despite erratic politics and global conflict, the U.S. economy is building a powerful head of steam — and risks overheating. Step back from the daily noise and the picture is clear: fiscal largesse, loose financial conditions, booming business investment and near-zero real interest rates are all stoking the economic engine.

Source: reuters.com

Washington evaluates Japan’s economic policies highly, Finance Minister Satsuki Katayama said, sidestepping a question on whether the US helped Japan strengthen the yen out of concern over Tokyo’s financial markets.

Source: bloomberg.com

Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.

Source: nytimes.com

Japan’s Economy Minister Minoru Kiuchi said ​on Tuesday the pass-through ‌of rising costs from the Middle East conflict ​on consumer goods prices ​remains limited so far, ⁠offering a sanguine view ​on inflationary risks.

Source: reuters.com

Japan’s government is portraying its accelerating military buildup not only as ​a way to protect the country but as a route to greater prosperity, arguing in ‌its latest defence white paper that arms production can support economic growth.

Source: reuters.com

The states claim the new levies are a pretext to re-impose tariffs that were ruled illegal by the US Supreme Court.

Source: aljazeera.com

Federal Reserve Bank of New York President John Williams said he remained optimistic that inflation pressures are on track to ease gradually.

Source: usatoday.com

Source: aljazeera.com

Among Mexico’s 32 federal entities, 20 recorded sequential contractions in the first quarter of the year, but Sinaloa’s economic result was easily the worst.

Source: mexiconewsdaily.com

Americans picked Democrats over Republicans as better stewards of the economy for the first time in nearly a decade in a Reuters/Ipsos poll.

Source: detroitnews.com

From $130 dinners to expensive cocktails and even exorbitant movie tickets, a crushing economy in New York City is creating a fresh barrier to love.

Source: nytimes.com

A new city report says AI investment is driving San Francisco’s comeback. But the data shows rents outpacing job growth outside health care and tourism. And a broker, a city economist and a housing advocate don’t agree on what that means.

Source: sfstandard.com

Demographers predict that today’s children may become the first generation since the 1970s to earn more than their parents because a future shortage of young workers could drive up wages, Stateline reports.  By around 2040, retiring workers are expected to outnumber new workers entering the labor force, creating strong demand for younger employees. Some states […]

Source: businessreport.com