RT @frostyhk: Shock July data out of China as economy battles Covid Zero, weakening demand, housing slump. Yoy: Retail sales 2.7%; est. 4.…

Lobbying by Intel -> guardrails in CHIPS act to bar investment in China were loosened -> fierce GOP opposition which now demands zero US corporate

Is the Fed close to being in neutral? Yardeni argues that it may be tighter than critics allege once you factor in QT, strong dollar