Tuesday’s links

  1. The age-old question: how do governments pay for wars? – FT
  2. US Inflation Slows, Giving Room for Fed to Pause Rate Hikes – Bloomberg
  3. The Case for an Inflation Cool-Down – WSJ
  4. US consumer prices rose in May at slowest rate since early 2021 – FT
  5. What Could Knock Stocks Back Into a Bear Market – Barron’s
  6. Treasury yields climb after CPI report shows slowing inflation – CNBC
  7. China Cuts Rates to Revive Economy; Could Put a Floor Under Stocks – Barron’s
  8. A (very short) history of global reserve currencies – Michael Pettis FT Alphaville *

*  Also appears on the Recommended Articles tab