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China Gets Chance at Fiscal Rethink After Debt Cleanup Milestone

Chinese provinces are nearing a milestone in Beijing’s plan to refinance their crushing debts, allowing local officials to refocus efforts on raising funds for infrastructure projects despite limited room to offer more support to the economy.

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Three Inflation Misses Bring Little Joy to Bearish Gilt Traders

Three consecutive downside inflation surprises and the slowest private-sector wage growth since 2020. It should be enough to convince investors that the Bank of England is entertaining interest rate cuts.

Boomer Wealth Transfer Set to Favor America’s Richest Families

An unprecedented transfer of wealth in the coming decades is likely to disproportionately benefit America’s most affluent families, boosting their fortunes by trillions of dollars, according to a July report…

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