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We are revising up our outlook for US real GDP growth – Moody’s

As per the latest summary from the global rating giant Moody’s, US economic growth is likely to accelerate further and pose “the strongest two years of growth since 1950-1951 at the height of the post-World War II economic boom.”

The analysis expects 7.0% read GDP for 2021 and 5.0% for 2022 while citing a pick-up in inflation, tight labor markets and strong wage growth.

Moody’s also expects the first rate hike from the Federal Open Market Committee (FOMC) to take place after 2023. 

“Spiking commodity and industrial prices should also settle down later this year as the supply-side of those markets rebound and scrambled supply chains are straightened out. Having said this, inflation is unlikely to moderate as much as Fed Chairman Jerome Powell seems to be suggesting,” also said the piece.

US Sec. of State Blinken: Our purpose is not to contain China, to hold it back, to keep it down.

In a CBS interview, published late Sunday, US Secretary of State Antony Blinken cites China’s military, economic, diplomatic capacity to undermine or
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China, Japan, South Korea vow to provide 'targeted' support for recovery from pandemic

As per the early Monday Reuters news, “Finance ministers and central bank governors from China, Japan and South Korea vowed to provide necessary suppo
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