The U.S. is on track to grow at double the rate of any other G7 country this year, according to IMF forecasts, as the strength of the world’s biggest economy rocks global markets, the Financial Times reports.

“Economic advisers close to former President Donald Trump are actively debating ways to devalue the U.S. dollar if he’s elected to a second term — a dramatic move that could boost U.S. exports but also reignite inflation and threaten the dollar’s position as the world’s dominant currency,” Politico

Wall Street Journal: “In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the chances of a recession within the next year to 29% from 39% in the January survey. That was the lowest probability since April 2022, when the chances of a recession were set

“President Biden and his economic team had high hopes about how two years of rapid inflation would play out in the months leading to the November presidential election. Price growth would continue to cool. The Federal Reserve would cut interest rates. Mortgage rates and other borrowing costs would

In the wake of yesterday’s hotter-than-expected inflation numbers, Minneapolis Fed President Neel Kashkari told PBS the central bank may not cut interest rates at all this year unless the trend changes. Said Kashkarim: “The longer that inflation just moves sideways and doesn’t actually move back