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Renew Economy
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- 1J.P. Morgan Forecasts Fed Rate Hikes on Inflation Fears●🟠 UPDATE J.P. Morgan Forecasts Fed Rate Hikes Due to Shock-Driven Inflation Bond yields extended their upward trend, cre
J.P. Morgan is forecasting additional Federal Reserve rate hikes, citing inflation driven by economic shocks. Bond yields extended their upward trend, and rising oil prices are compounding pressure on Asian equities. Investors are also positioning for an expected interest rate hike in Australia, with markets bracing for a prolonged period of tighter monetary policy across major economies.
- 2Portland's coffee culture powers its local economy●How Portland’s coffee culture became a major part of its economy
Portland's coffee scene has grown into a significant contributor to the city's economy. Local coverage examines how the city's dense network of roasters, independent cafes and coffee-focused businesses has shaped Portland's identity and supported jobs, tourism and small business growth across the region.
- 3Trump rejects Iran's sanctions-for-nuclear-steps offer●Trump denied Iran's offer to ease sanctions in exchange for nuclear steps - Reuters
Reuters reports that Donald Trump has dismissed an Iranian offer to take steps on its nuclear program in exchange for relief from US sanctions. The offer, put forward by Tehran, would have linked limited nuclear concessions to easing the sanctions burden on Iran's economy. Trump's rejection signals continued hardline US posture toward Iran and dims prospects for near-term diplomacy over Tehran's nuclear activities.