Category: Uncategorized

Federal Reserve Bank of Atlanta President Raphael Bostic told CNBC on Monday that the central bank may lean toward increasing interest rates as the inflation is still twice the target. “We may have to go up with rates,” Bostic stated when addressing a choice between increasing or decreasing. He explained that the central bank will …

Continue reading “Fed’s Bostic: We may have to go up with rates…… We won’t be thinking about rate cuts ‘until well into 2024’……… Fed’s Jefferson: Core inflation process ‘discouraging’”

Former United States President Donald Trump reaffirmed that if all of the Republicans’ cost-cut requests are not met, the country will default on debt. “Unless the Republicans get EVERYTHING they are asking for in terms of Cost Cutting, in particular all of the Trillions of Dollars of Inflation causing WASTE that has stupidly been approved …

Continue reading “Trump: Unless GOP gets everything it wants US to default on debt…….. Meeting on US debt ceiling reportedly set for Tuesday”

WASHINGTON/BERLIN, May 14 (Reuters) – Leaders of the Group of Seven (G7) nations plan to tighten sanctions on Russia at their summit in Japan this week, with steps aimed at energy and exports aiding Moscow’s war effort, said officials with direct knowledge of the discussions. New measures announced by the leaders during the May 19-21 …

Continue reading “G7 leaders to target Russian energy, trade in new sanctions steps”

SINGAPORE, May 15 (Reuters) – Oil prices slipped on Monday as concerns about fuel demand in top global oil consumers United States and China offset bullish sentiment about tightening supplies from any OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 62 cents, or 0.84%, to $73.55 a barrel by …

Continue reading “Oil falls as economic concerns offset prospect of tighter supplies…… Europe’s Oil Crisis Deepens as Prices Skyrocket”

NIIGATA, Japan, May 13 (Reuters) – Treasury Secretary Janet Yellen on Saturday called a showdown over raising the U.S. debt ceiling “more difficult” than in the past but said she remained hopeful a solution could be found to avert a first ever U.S. default Yellen told Reuters in an interview on the sidelines of a …

Continue reading “Yellen hopeful of a solution to ‘more difficult’ debt ceiling showdown”

United States Federal Reserve Board of Governors member Philip Jefferson underlined that the latest reading of the core inflation was “discouraging,” pointing to a slower-than-projected rate of decline in core goods prices. “Supply and demand imbalances in the goods sector seem to be resolving less quickly than expected,” the policymaker said in a speech before …

Continue reading “Fed’s Jefferson: Core inflation process ‘discouraging’……… Fed’s Goolsbee: Inflation is too high, but going down……. Bullard the (PCE) has only slightly decreased”

The United States Congressional Budget Office said on Friday it sees a “significant risk” of a default in the first half of June in case the debt ceiling is not lifted. “The Congressional Budget Office projects that if the debt limit remains unchanged, there is a significant risk that at some point in the first …

Continue reading “CBO sees ‘significant risk’ of debt default in middle of June…… Biden ready to evoke the 14th Amendment”

  Silver continued declining on Friday, reaching lows unseen since April 3. Fed’s Neel Kashkari said that the United States economy is not experiencing a crash in consumer spending or a slowdown in the service sector. However, Fed Governor Michelle Bowman said there is still no “consistent evidence” that inflation is falling and that monetary …

Continue reading “Silver falls under $24 to lowest since early April”

NEW YORK/HOUSTON, May 12 (Reuters) – Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month’s OPEC+ production cut. The oil producing group’s 500,000 barrel per day cut will reduce stocks of sour crudes as U.S. oil refiners ramp …

Continue reading “Tight market for sour crude oil to squeeze U.S. Gulf Coast refiners”

The U.S. Administration could begin crude oil repurchases to fill the Strategic Petroleum Reserve as early as in June, after a Congressionally-mandated sale from the SPR is completed next month, U.S. Secretary of Energy Jennifer Granholm said on Thursday.   “That congressionally mandated sale of 26 million barrels will be completed by June, and it’s …

Continue reading “U.S. Could Start Buying Oil To Refill SPR As Early As June”