Author: Daniel snow

TOPSHOT – France’s President Emmanuel Macron reacts during a meeting with Vietnam’s President Luong Cuong sat the Presidential Palace in Hanoi on May 26, 2025. (Photo by Nhac NGUYEN / POOL / AFP) (Photo by NHAC NGUYEN/POOL/AFP via Getty Images) Nhac Nguyen | Afp | Getty ImagesSINGAPORE — French President Emmanuel Macron on Friday called on Europe and Asia to fortify coalition and avoid being caught in the intensifying rift between the U.S. and China.Addressing the annual defense forum Shangri-La Dialogue in Singapore, Macron urged Indo-Pacific nations’ prime ministers and defense ministers in the audience to establish a “new coalition”…

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In minutes released this week from the Federal Reserve’s May meeting, central bank policymakers indicated that an interest rate cut isn’t coming anytime soon.Largely because of mixed economic signals and the United States’ changing tariff agenda, officials said they will wait until there’s more clarity about fiscal and trade policy before they will consider lowering rates again.In prepared remarks earlier this month, Fed Chair Jerome Powell also said that the federal funds rate is likely to stay higher as the economy changes and policy is in flux. The Fed’s benchmark sets what banks charge each other for overnight lending, but also has a domino effect on…

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