- Evanston, Illinois, is the first city in the US to implement a program that pays reparations to Black residents for discrimination and lack of access to housing.
- The city has committed to spending $10 million over 10 years on local reparations, with $25,000 each to be distributed to 140 eligible residents by the end of this year.
- The reparations program is funded by marijuana and real-estate transfer taxes.
- Evanston's program faced challenges but serves as a test run for reparations in the country.
- Efforts for national reparations at the federal level have faced obstacles and are unlikely to progress under Republican control.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec