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Peru’s Central Bank Chief Agrees to Extend 20-Year Run

Peru’s central bank chief Julio Velarde, seen as a pillar of economic stability in the politically volatile Andean nation, has agreed to stay on for another term, likely extending one of the world’s longest tenures at the helm of a monetary authority.

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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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