Atlanta Fed President Raphael Bostic told Bloomberg today that last week’s 50bps rate hike was “already a pretty aggressive move”. He added, “I don’t think we need to be moving even more aggressively.” “I think Read more…
Minneapolis Fed President Neel Kashkari said in a CNBC interview, “I’m confident we are going to get inflation back down to our 2% target, but I am not yet confident on how much of that burden Read more…
This week we welcome Mason Egger (@masonegger) as our PyDev of the Week! Mason is an organizer of PyTexas and a developer advocate at Gretel. Mason also maintains a Python website where you can see Read more…
G-7 commits to ban Russian oil The euro has started the week quietly, although there have important developments in the West’s sanction battle with Russia. On Sunday, G-7 leaders pledged to phase out or ban Read more…
“Although we continue to see inflationary pressures across the supply chain, we are working to drive costs down by continuing to increase our efficiency, productivity, and bringing more capacity on line,” said CEO Donnie King. Read more…
Stocks will extend their longest weekly losing streak in a decade Monday as Fed rate hike worries give way to stagflation bets and a renewed slump for the tech sector. Updated at 7:44 am EST Read more…
Bitcoin fell below $33,000 for the first time since last summer on Monday, extending its peak-to-trough slump to more than 51%. Bitcoin prices slumped lower Monday, extending its 2022 decline for the world’s biggest cryptocurrency Read more…
As yields on government debt continue to press higher, investors are forced to get out of assets that pay low or no interest or dividend… Not even gold is able to decouple itself from the Read more…
WTI crude oil reversed from resistance zone Likely to fall to support level 105.00 WTI crude oil recently reversed down from the resistance zone lying between the key resistance level 108.80 (top of the previous Read more…
NZDUSD broke key support level 0.6410 Likely to fall to support level 0.6300 NZDUSD currency pair under the bearish pressure after the price broke the key support level 0.6410 (which reversed the price sharply at Read more…