Istanbul voters’ rebuke of the nation’s strongman leader speaks to broader dismay over the economic disaster he oversaw. Source: NYT > Business – Peter S. Goodman
Modern Monetary Theory’s Reluctant Poster Child: Japan
Despite its huge debt, the country remains an economic powerhouse. Some say it provides a model for the United States, but its leaders disavow the idea. Source: NYT > Business – Ben Dooley
Powell, Eyeing Trade War, Says Fed Will Act to Sustain Expansion
Fed Chair Powell says the central bank is “closely monitoring” trade and “as always, we will act as appropriate” to sustain the expansion Source: NYT > Business – Jeanna Smialek
A Slower Economy. A Trade War. Now, China Faces Rising Food Prices.
Pork and fruit are costing more even as Beijing reassures the public that supplies are plentiful. Source: NYT > Business – Keith Bradsher and Alexandra Stevenson
Fed Could Mull Lower Rates if Inflation and Global Risks Worsen
Richard Clarida, the Fed’s vice chairman, said persistently low inflation or worsening global conditions could cause officials to reconsider patience. Source: NYT > Business – Jeanna Smialek
What the Bond Market Is Trying to Tell Us: (Worry)
The financial world is suddenly tuning in, nervously, to what is typically a much less exciting sector. Source: NYT > Business – Stephen Grocer and Matt Phillips