May 8, 2026

Two Rate Hikes, Tensions Ahead of China Summit, and AI Economic Distortions 5/8/26

KPMG's Diane Swonk makes the case for two rate hikes this year. The Iran war could make for an acrimonious meeting between President Trump and China's Xi next week. Plus, the Wall Street Journal's Greg Ip writes AI is "distorting practically everything about the economy."

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