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...Ervér said the new competition “requires us to react quicker” but that “really nailing price and fashion” is “doing something that lower-cost can’t”....
...Though it hasn’t happened yet, we could turn a corner at any moment. What would happen to broader inflation if it did?...
...We saw this online yesterday (h/t @quantian1): . . . “97% of the public agrees” that Basel III Endgame is “bad for working Americans”? What does that even mean?...
...Donald H MalcolmCardross, Dunbartonshire, UK...
...He doesn’t share more but says: “It feels like everybody is running but I’m going a bit more slowly....
...As befits an AI proxy, Intuit doesn’t look cheap on 36 times forward earnings. Smaller rival H&R Block trades on a multiple of only 12 times....
...In the lead-up to the 1992 US presidential race between Bill Clinton and George H.W. Bush, strategist James Carville famously quipped “It’s the economy, stupid.”...
...I don’t see it happening in the immediate future,” said Steven Blitz, chief US economist at TS Lombard. Additional reporting by George Steer in New York and Martin Arnold in Frankfurt...
...The Biden who, as senator in 1992, mocked George H Bush for trying to persuade “the American people they don’t have an economic problem”....
...“Our position is we don’t know. We’ll tell you what we’ll do if inflation does come down. That’s the base case, that’s what we expect.”...
...From Bank of England facepalm tote bags to small caged mammal T-shirts and Cathie Wood hates FTAV mousepads, if you can’t get it there you can: 1) look somewhere else2) email us and ask us to make it Click...
...“There was an opportunity at this meeting for the Fed to push back [against a June cut] and they didn’t.”...
...“And when we do get that confidence, and we’re not far from it, it will be appropriate to dial back the level of restriction so that we don’t drive the economy into recession.”...
...I can’t tell you now,” Trump said. Additional reporting by Claire Jones...
...“They’re probably going to shrink in the short-term but they aren’t going to fall off a cliff.” Stephanie Stacey...
...(The Tributary, h/t Today in Tabs)...
...“So really the kind of pain that I was worried about and so many others were, we haven’t had that. And that’s a really good thing. And, you know, we want that to continue.”...
...Of course it could be that Hunterbrook doesn’t plan to “reach in” to anybody....
...Yankee Candle and H&M didn’t respond to our emails. The food & dining sector follows closely in second with 72 companies....
...Just don’t think that means new cuts are imminent....
...“I don’t think it’s likely that we’ll reach a level of confidence by the time of the March meeting . . ....
...“They didn’t leave much space for the SU7,” Li noted....
...Well, you can’t say the man doesn’t stay on message, though I can’t help but feel sorry for him, and not just because that’s a really sad statement about what fun is for a Fed chair....
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