AP Top Political News at 2:47 a.m. EDT

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Treasury Secretary heads to China to discuss trade, anti-money laundering, and Chinese 'overproduction'. UK economy outperformed most G7 peers last year. Both Conservatives and Labour agree on supporting a vital area of the UK economy. Economists may be underestimating the health of household balance sheets. Inflation in Europe falls more than expected in March. Paris Olympics may clash with French workers' summer holidays. Europe's energy crisis may not be over despite falling gas prices. US stock indexes drop as investors doubt pace of Fed rate cuts. National living wage rise in the UK could lead to stickier inflation. Childcare costs in the UK have become increasingly expensive. Russia's net FX interventions to be near zero in April. FTSE 100 opens lower as Fed rate-cut odds dwindle. Turks face financial strain due to inflation. UK manufacturing sector expands in March. Services inflation in the UK expected to cool significantly, paving the way for an interest rate cut. Fed officials consider keeping rates higher for longer. UK food inflation drops to 3.7% in March due to supermarket price war. Americans who switch jobs see higher pay gains. Wall Street slips despite strong US jobs growth and EU inflation fall.

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