ECONOMICS

By Benjamin Picton, Senior Macro Strategist at Rabobank

As we approach the Jackson Hole Symposium later this week the message from Fed speakers, broadly, has been that they are gaining confidence that the economy is reaching the point where the Fed Funds rate can be cut. Speaking to the Financial Times on Friday, Atlanta Fed President Raphael Bostic said that he is “open” to a Fed cut in September and, critically, that the Fed “can’t afford to be late” in delivering policy (more…)

After the unoriginal Vice President Kamala Harris stole former President Trump's proposed 'no tax on tips' policy, she's at it again with yet another recycled idea. This time, she's echoing President Biden's actions and rhetoric to crack down on sky-high food prices by proposing the first-ever federal ban on "corporate price-gouging in the food and grocery industries"—a move that reeks of socialism.

"There's a big difference between fair (more…)

The closure of Ningbo Beilun’s Phase III Terminal is expected to have cascading effects on the main trans-Pacific trade lanes out of Asia, and the supply chain at large, in the midst of the peak shipping season.

As Stuart Chris reports for FreightWaves, container traffic has been halted at Ningbo following a shipboard explosion involving hazardous materials at one of the world’s busiest intermodal hubs.

The explosion aboard the Yang Ming vessel YM Mobility on Friday (more…)