Fed Chairman Powell said he does not see a spillover from the high inflation into the broader economy. Therefore, the Fed excepts to continue hiking rates. US Manufacturing Production for May was -0.1% MoM vs Read more…
“Based on markets at this moment– they can and do change — the national average could fall to $4.55-$4.75/gal in the weeks ahead unless trends shift,” said Patrick De Haan at Gasbuddy.com. U.S. drivers may Read more…
In a statement explaining her dissent to Fed’s 75bps rate hike this week, Kansas City Fed President Esther George said, “I viewed that move as adding to policy uncertainty simultaneous with the start of balance Read more…
Minneapolis Fed President Neel Kashkari said in an article, ” I supported increasing the federal funds rate by 75 basis points at this week’s meeting, and could support another such move in July”. But he also Read more…
The cruise line has a new partnership its passengers will love. Casinos on cruise ships have offered slot machines, table games, and more, but sports betting has generally not been part of the offering. Royal Read more…
Recession worries are mounting as central banks around the world step up their fight against soaring inflation. The flash PMI readings for June will be watched for any clues that tighter monetary policy is choking Read more…
It has been an eventful week on the central bank front. The Fed delivered a historical 75bp hike to a target range of 1.5-1.75% and signalled that another 75bp hike in July is possible if Read more…
An inexpensive budget phone that could offer more Continue reading…
An inexpensive budget phone that could offer more Continue reading…
Markets It has been quite the roller coaster ride the past week. Sometimes it takes months to get to the same number of huge, surprising, market-moving events. From the ECB’s firm commitment to hike policy Read more…