MACRO
Stiglitz Says Rate Hikes That Are Too Steep May Worsen Inflation
Central banks that hike borrowing costs too aggressively to tame supply-driven inflation risk exacerbating price gains, according to Nobel laureate economist Joseph Stiglitz. Higher rates make solving supply snarls harder, he says.
US Pending Home Sales Drop to Lowest Since Start of the Pandemic
US pending home sales fell in July for...

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