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European Midday Briefing: Stocks Lifted by -2-

presentation made at the European Central Bank's annual conference in Portugal that Trump's 10% tariff proposal could trigger reciprocal actions by other countries. When factoring in the trade war that might unfold, Hatzius estimated that this might end up lifting U.S. inflation by 1.1 percentage points and leading to five extra quarter-point rate hikes by the Fed.


Russia Seeks to Boost Trump in 2024 Election, U.S. Intelligence Officials Say

WASHINGTON-The Russian government has launched a "whole-of-government" effort to influence the outcome of the U.S. presidential election and favors Republican candidate Donald Trump in the race, senior U.S. intelligence officials said Tuesday.

The officials didn't mention Trump by name, but said that Russia's current activity-described as covert social-media use and other online propaganda efforts-mirrored the 2020 and 2016 election cycles, when Moscow also favored Trump and sought to undermine Democratic candidates, according to U.S. intelligence agencies.


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This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

July 10, 2024 05:49 ET (09:49 GMT)

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