Scott Lanman News Today

Statistics Canada said it will end the practice of giving news media an early look at some economic data on July 1.

(Bloomberg) -- Federal Reserve policymakers “generally favored” slowing the pace at which they’re shrinking the central bank’s asset portfolio by roughly half, minutes from their latest gathering showed.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesUS Sees Missile Strike on Israel By Iran, Proxies as ImminentS&#x26...

Most Federal Reserve officials flagged concerns over moving too quickly to cut interest rates, minutes showed. Read more

Most Federal Reserve officials flagged concerns over moving too quickly to cut interest rates, minutes showed. Read more

U.S. inflation surged to a new four-decade high in June because of rising prices for gasoline, food and rent, squeezing household budgets.

RBA’s bond buying shoots down rate hike hawks. Aurizon in $2.3b bid for Macquarie’s One Rail. Qantas boosts travel stocks. IAG sticks to guidance. Lynas’ sales fall. Iron ore lost 5.8pc, BHP falls.

And Kyrsten Sinema and Joe Manchin continue to hold up the reconciliation package.

Fears are mounting that the current wave of US price pressures could last longer than expected.