U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased.
Pakistan’s Supreme Court has rejected a petition from former Prime Minister Imran Khan about halting his trial in a lingering case involving the concealing of assets after selling state gifts.
But confidence has come back, in fits and starts, over the past year as inflation eased in the face of 10 interest-rate hikes by the Federal Reserve. Fed policymakers are expected to raise their benchmark rate again Wednesday to the highest level in 22 years. Tumbling inflation and sturdy hiring have raised hopes the Fed just might pull off a so-called soft landing — slowing the economy just enough to tame inflation without tipping the United States into recession.
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