It will take money and gumption to improve India’s urban roads. But if the country wants to get rich, it must fix the engines of its economic growth https://t.co/S369QG1qEQ ...

"We want this Bad Bunny boom to trickle down to everyone." Bad Bunny's 30-show residency in Puerto Rico is drawing fans to the island, giving its economy a much-needed boost https://t.co/JXrX0sKBPm ...

Some of the worst fears from Donald Trump’s Liberation Day in the spring have been proved wrong. But America is on course to grow only about half as fast this year as it did in 2024, and still greater harm lies ahead https://t.co/oTMn8iorgA ...

Britain is cheap, and should learn to love it. After a decade of sorry growth, the country has no shame—and lots to gain—from being a bargain https://t.co/nxont3Kx1N https://t.co/dQu9P4eN7i ...

Group 1: Monetary Policy Review - The Federal Open Market Committee (FOMC) is reviewing its monetary policy framework, focusing on assessing risks and uncertainties that impact policy strategy and communication [3][4][5] - Participants emphasized the importance of effective communication regarding risks and uncertainty to enhance transparency and accountability in monetary policy decisions [5][6] - The Committee plans to continue discussions on enhancing communication tools after completing the review of its Statement on Longer-Run Goals and Monetary Policy Strategy [7] Group 2: Financial Market Developments - During the intermeeting period, policy expectations and Treasury yields rose modestly, while credit spreads narrowed and equity prices increased [8] - The median respondent's expectations for real GDP growth and personal consumption expenditures (PCE) inflation for 2025 showed some recovery from previous declines, although growth expectations remained lower than before April [8][9] - Nominal Treasury yields increased by 15 to 20 basis points, reflecting market participants' growing fiscal concerns [9][10] Group 3: Economic Situation - Consumer price inflation was estimated at 2.3% in May, with core PCE inflation at 2.6%, both lower than at the beginning of the year [19] - The unemployment rate remained low at 4.2% in May, with solid labor market conditions and a steady increase in nonfarm payrolls [20] - Real GDP was expanding at a solid pace in the second quarter, with indicators suggesting strong consumer spending and business investment [21][22] Group 4: International Trade and Economic Outlook - U.S. imports declined sharply in April following the introduction of tariffs, while exports firmed, leading to a rebound in trade flows [23] - Economic growth abroad picked up in the first quarter but showed signs of slowing in the second quarter due to lower exports to the U.S. and uncertainty in global trade policies [24] - Inflation abroad remained near central bank targets, with some countries experiencing renewed inflationary pressures [25][26] Group 5: Labor Market and Business Sector - Labor market conditions were solid, with participants noting a potential softening in hiring due to elevated uncertainty [47] - Business investment remained cautious, with firms proceeding with existing projects but hesitating to start new ones amid uncertainty [50] - Financing for larger investment projects was readily available, although some sectors, like agriculture, faced challenges from low crop prices and high input costs [50][33] Group 6: Monetary Policy Actions - The FOMC decided to maintain the target range for the federal funds rate at 4¼ to 4½ percent, assessing incoming data and the evolving economic outlook [57][62] - The Committee is committed to supporting maximum employment and returning inflation to its 2% objective while continuing to reduce its holdings of Treasury securities and agency debt [62][63] - Participants agreed to monitor the implications of incoming information for the economic outlook and adjust monetary policy as necessary [58]

CNBC Top States for Business Ranking - Overview - CNBC's annual ranking of America's top states for business has been conducted since 2007, evaluating states based on competitiveness [2] - The ranking methodology involves 10 categories of competitiveness, with weights adjusted annually based on current business concerns and state priorities [2] - The study's methodology and sources are available at topstates.cnbc.com [5] Key Ranking Factors - Economic uncertainty, tariffs, and federal budget cuts have made "Economy" the most important category this year, measuring economic and job growth, housing market, and state finances [3] - Infrastructure, including sites, roads, bridges, and power, is a key consideration [4] - Workforce quality, including the ability to attract top talent, is a significant factor [4] - The cost of doing business, business friendliness, quality of life, technology and innovation (especially with federal research funding reductions), education, access to capital, and cost of living (including insurance costs) are all measured [4] Announcement and Further Information - The top state for business will be revealed on Squawkbox [6] - The full state rankings will be available on cnbc.com [6]

South Africa’s anemic economic growth since 2010 has left its population significantly poorer than the global average, according to Investec Wealth & Investment International https://t.co/LxRL4Th1mQ ...

Midterm Elections Impact - The bill is designed for hardworking Americans, especially middle and lower class earners, aiming to improve their economic well-being [1] - Expectation of higher wages, increased opportunities, and greater economic growth as a result of the bill [1] - The bill is expected to secure the border and restore American energy dominance [2] - Anticipation of being rewarded for restoring peace through strength [3] - Confidence in gaining seats and flipping Democrat seats in the midterms [3] Political Strategy - Dismissal of Democrat concerns and predictions of losing the majority [3] - Belief that underestimating the company should be avoided [3]

The Trump administration’s curbs on immigration and ramped-up deportations will lower US economic growth by almost a full percentage point this year, according to a study from the Federal Reserve Bank of Dallas. https://t.co/94QprwOZiQ ...

Inflation and Tariffs - The White House Council of Economic Advisers found no evidence that tariffs are leading to significant price pressures for imported goods; instead, they observed the opposite trend in inflation data [2][3] - Since December, overall goods prices in the PCE data have increased by approximately 0.4%, while imported goods prices have decreased by about 0.1% [2] - Domestically produced goods have experienced more inflation than imported goods, further supporting the absence of tariff-driven inflation [4][6] - Despite concerns about future inflationary effects from tariffs, high-frequency data and academic research have not shown any sustained pattern of tariff-driven price pressures [7] - Volatility in inflation data is possible, but the long-run expectation is that foreign countries being tariffed will bear the burden [9][10] Economic Policy and Deficit - The administration's policies, including tax cuts, deregulation, and energy abundance, are projected to increase GDP by about 1% per year over 10 years, generating approximately $4 trillion in revenue [29] - Additional revenue is expected from tariffs ($3 trillion) and spending reductions ($1.5 trillion), contributing to an estimated $8.5 trillion to $11 trillion reduction in deficits over a 10-year period [29][30] - Reduced borrowing due to these savings is projected to lower interest expenses by about $1.5 trillion [30][31] - The "one big beautiful bill" aims to incentivize investment through full expensing on new factories, equipment, and R&D, allowing firms to choose investments based on market knowledge [24] - Government intervention in predicting consumer preferences and directing industrial policy is viewed as less effective than allowing market-driven investment decisions [22][23][24]