Some experts are predicting that we are towards the end of the rate hike cycle. ECB statement clarify that there is more pain ahead and we will remain in an inflationary and high rate environment for considerable time.
An excellent example of why #fiscal policy must be designed in sync with #monetary policy.
⚠️Bank of England moves to calm bond market rout after tax cut storm - Reuters News
#BankofEngland#poundcrash
On 25 September, the US$ hit a record high against the GB£ and a more than 20-year high against the €. Key Asian currencies – the Chinese yuan, Japanese ¥, and South Korean won – have also weakened significantly.
#DollarIndex is up 22% this year.
It's #rare to see such moves!
#Conflicts are expensive
Evidence:
#Germany to nationalize its' largest gas importing co: Uniper amidst an #EnergyCrisis in the country.
Shareholders, especially the Finnish gov, which controls Uniper's parent company, lose big as the stock tanks since #RussiaInvadedUkraine
#Italians are enraged by the government’s ill-advised sanctions against Russia, which resulted in soaring #EnergyPrices
Protestors blocking the city of Caserta:
#Inflation: Germany to spend €65bn cushioning impact on households and business of cost-of-living spiral🤔
Milton explaining the "science" behind the move!
Tucker Carlson exposes the false narrative of #ElectricVehicles being environmentally sustainable.
Externalities associated with driving $TSLA are ill-estimated
Restaurants' new normal: fewer cashiers, chefs, and wait staff
Major fast food chains in the US are experiencing staff shortages.
Staff shortages pushed seasonally adjusted average hourly wages by 18% to US$18.42
Full Report:
https://t.co/UIVGsNG8LN
Discount store Dollar General lifts sales forecast as inflation-hit Americans drive demand
https://t.co/h1Or6TxExa
#American consumers switching to inferior goods to cope with a higher cost of living