Federal Reserve gears up for change
The Federal Reserve has dropped its bias towards lowering rates in the central bank’s first meeting chaired by Kevin Warsh, President Donald Trump said the US would release frozen Iranian funds, and UK inflation held unexpectedly steady last month. Plus, Chinese tech giant Huawei is making a huge comeback after being written off seven years ago.
- Federal Reserve drops bias for rate cuts as Kevin Warsh era begins
- Donald Trump to release Iran’s frozen funds and ease sanctions when ‘they behave’
- Huawei’s big comeback tests limits of US chip controls
- UK inflation unexpectedly holds steady at 2.8% in May
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