Fed Governor Michelle Bowman warns against hiking interest rates because of inflation spike
Bowman said reacting to the inflation surge, driven primarily by energy prices and tariffs, has proven ineffective.
Source: www.cnbc.com
Bowman said reacting to the inflation surge, driven primarily by energy prices and tariffs, has proven ineffective.
Source: www.cnbc.com
Bitcoin climbed to its highest level since the early-February sell-off after US producer prices went up, but rose less than economists expected, in March, with easing oil prices and stronger equity markets adding to the rebound in risk assets. According to CryptoSlate’s data, Bitcoin surged past the $76,000 mark during early US trading hours, with…
Donald Trump delivered three major policy shocks between July 6 and July 11. He declared the Iran ceasefire over, sending Brent crude oil up 5.2%. The POTUS also ordered a halt to trade with Spain, pushing Spain’s stock market index IBEX 35 down 2.6%. Lastly, he backed tougher Russia sanctions and allowed Ukraine to manufacture…