INT
Food prices have likely entered a higher ‘new normal’
World food prices continued to ease in June, led by cereal and meat, although remain far above 2013-18 levels
InternationalWorld trade rebound will remain milder than past rates
World trade volumes grew by about 2% in the first half of the year
InternationalUS Cannabis advocates will back Democrats
The US president is not going as far on relaxing cannabis laws as some would like, but he is pursuing change
United StatesFrance will drag down euro-area growth this year
France’s services PMI contracted for a second month but the euro-area measure was more positive
EUCarbon removal technologies face an uncertain future
Interest and investment in carbon removal technology is rising
InternationalECB is in no rush to cut interest rates again
Euro-area inflation eased slightly to 2.5% in June and the ECB central banking forum has begun in Sintra, Portugal
InternationalCore PCE path supports a US rate cut this year
Core PCE inflation eased to 2.6% in May, the weakest since March 2021
United StatesSoft landing for global economy but many risks persist
The BIS signals that while a soft landing remains on track, monetary and fiscal policy will be historically tight ahead
International
