After the red-hot US consumer price index reading of 6.2%, debate around what the Federal Reserve should do about inflation has reached a fever pitch. There are two prevailing schools of thought: The Fed should do nothing. The Fed should speed up the pace at which it gradually tightens monetary policy. Some of those who side with view No. 1 ...

Bloomberg A virtual summit between US President Joe Biden and Chinese leader Xi Jinping marked a “good beginning” for the world’s biggest economies to avoid a conflict, former Secretary of State Henry Kissinger said. “They now have to be followed by concrete discussions that lead in a direction both presidents have affirmed they want to pursue,” the influential US diplomat ...

Bloomberg The Taliban’s top diplomat warned of an Afghan refugee exodus if the US continues to block the release of some $9 billion of the country’s assets. “We are concerned that if the current situation prevails, the Afghan government and people will face problems and will become a cause for mass migration in the region and world,” Amir Khan Muttaqi, ...