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As Robert Holzmann prepares to depart from the European Central Bank, he suggests greater transparency in policy decisions. He proposes adopting a system similar to the Federal Reserve's dot plot or summarizing dissenting views to provide markets with more information. Holzmann believes this would be beneficial when the direction of monetary policy isn't clear-cut.
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News and Media
Wall Street anticipates key earnings reports from major retailers like Walmart and Target to gauge consumer health amidst Trump's tariffs, weak job growth, and inflation. While retailers have largely protected margins, the full tariff impact looms, potentially weakening consumer spending later this year. Back-to-school shopping is crucial, especially for Target, as consumers carefully prioritize purchases.
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News and Media
Air Canada has halted operations as more than 10,000 flight attendants went on strike after a deadline to reach a new labor deal passed.
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News and Media
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