— The U.S. economy added nearly 30% fewer jobs (- 818,000) for the 12 months ended March 2024, per the preliminary annual benchmark revision by the Bureau of Labor Statistics; biggest dip was in professional and business services.
— The Fed is poised to lower interest rates “soon,” most likely in mid-Sept. by at least 25 basis points, based on remarks from Fed Chair Jerome Powell; rates have been at 23-year high.
— The Bank of England said that it may need to keep interest rates higher for longer given that inflation remains a concern.
— Real estate prices across 70 Chinese cities dropped by 7.9% in June from 12 months prior, the biggest annual decline on record.
— A U.S. federal court struck down a Missouri regulation that would prevent investment managers from incorporating ESG considerations without prior content from clients.
