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US CPI came in at consensus, averting a scare that the number would turn out higher. Retails sales came in significantly weaker than expected, bringing down yields. There is a viable narrative of macro slowdown, but the inflation data remain too hot still. Market yields remain vulnerable to retracement higher until a material taming in inflation is shown. ...
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President Joe Biden will dispatch former US officials to Taiwan as its new president takes office, a show of support for the island calibrated to avoid enraging Beijing. Biden is sending a bipartisan delegation to Monday's (May 20) inauguration of Taiwanese president-elect Lai Ching-te consisting of former White House economic adviser Brian Deese, one-time ...