Upbeat data suggest U.S. economy still on moderate growth path (Thomas R.)
The U.S. central bank cut rates in July for the first time since 2008. The Fed offered mixed signals on further monetary policy easing. Data, including retail sales, so far in the third quarter suggest the economy is growing close to the April-June quarter’s 2.0% annualized rate.
Financial markets have been flagging a recession. The Atlanta Fed is estimating gross domestic product rising at a 1.9% pace this quarter.
Beijing Daxing International Airport: China’s new mega-airport ready to open (Sparky1)
The multibillion-dollar Daxing, designed by the late architect Zaha Hadid and her Chinese partners, is built for the future, boasting four runways and a terminal the size of 97 soccer pitches upon opening