Economists Warn a ‘Summer of Fun’ Could Lead to Autumn Pain

▤ Summary

The bank’s governor, Andrew Bailey, whose credibility is taking a pummeling, gave a cautionary explanation: “If we don’t raise rates now, it could be worse later.” Hours later, Jay Powell, the Fed chair, told a Senate committee that he saw a similar threat. Grant Fitzner, the chief economist of Britain’s Office for National Statistics, has singled out airfare, concert tickets and computer games as big drivers behind the country’s stubbornly high inflation. and James Taiclet of Lockheed Martin; • None Tech giants including Sam Altman of OpenAI, Tim Cook of Apple, Sanjay Mehrotra of Micron, Sundar Pichai of Alphabet and Lisa Su of A.M.D. But a lower-profile development also promises to reshape the league: Qatar’s sovereign wealth fund is in talks to buy a piece of the Washington Wizards’ parent company at a $4.05 billion valuation, as first reported by Sportico. The talks represent the next step in the N.B.A.’s efforts to open up the universe of league ownership, which started with private equity firms and expanded to other institutional investors like family offices and, yes, sovereign wealth funds.

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