U.S. consumer sentiment falls to ‘stunning’ decade low as inflation expectations hit 13-year high The University of Michigan’s gauge of consumer sentiment fell to an initial February reading of 61.7, from January’s level of 67.2, the lowest reading since October of 2011. Economists were expecting a reading of 67, according to a Wall Street Journal …
Feb 10 (Reuters) – St. Louis Federal Reserve Bank President James Bullard said Thursday that he has become “dramatically” more hawkish in light of the hottest inflation in nearly 40 years, and he now wants a full percentage point of interest rate hikes by July 1. “I’d like to see 100 basis points in the …
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As Inflation Soars; Fed Rate Hike Bets Accelerate Inflation pressures show no signs of abating after the fastest annual increase since 1982, adding to pressures for a big rate hike from the Federal Reserve next month. U.S. inflation accelerated to the fastest pace in four decades last month, data from the Bureau of Labor Statistics …
Continue reading “January Inflation Soars to 7.5%, Highest Since 1982”
KYIV, Ukraine — French President Emmanuel Macron said Tuesday that Russian President Vladimir Putin told him that Moscow would not further escalate the Ukraine crisis. Macron also said it would take time to find a diplomatic solution to the rising tensions, which represent the biggest security crisis between Russia and the West since the Cold …
Continue reading “Macron Travels From Moscow to Kyiv for Talks: Ukraine”
MOSCOW — Russian gas giant Gazprom may tap a field https://www.reuters.com/article/usa-russia-sanctions-idUSL1N10I1H120150807 hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with gas under a recently signed deal, sources and analysts said on Tuesday. Russia, already Beijing’s No. 3 gas supplier, has been strengthening ties with China, the world’s biggest energy consumer, …
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WASHINGTON — Even as President Biden and German Chancellor Olaf Scholz met at the White House on Monday to reaffirm their joint efforts to dissuade Russia from launching an invasion of Ukraine, questions remained about whether the two leaders are prepared to respond to a military incursion by halting the completion of the Nord Stream …
Continue reading “Biden says If Russia invades Ukraine their will be no Nord Stream II”
Oil prices have yet another reason to remain elevated as cold winter weather and refiners struggle to keep up with the rising demand for heating oil and diesel. Heating oil hit $2.83 per gallon, its highest price in seven years, as harsh winter storms affected large portions of the country. Demand for heating oil should …
Continue reading “Heating Oil And Diesel Stocks Dwindle While Demand Climbs”
CNN)New satellite imagery obtained by CNN shows that a large base which held Russian tanks, artillery and other armor near the Ukrainian border has been largely emptied, with the equipment apparently being moved much closer to the frontier in recent days. The base is at Yelnya, southeast of the city of Smolensk and some 160 …
The Brits aren’t the only European nation to find itself on the verge of a full-blown energy crisis. On Thursday, French natural gas pipeline operator GRTgaz warned that French gas stockpiles are much lower at this point in the year than they have been during years past – and as a result, they run the …
Continue reading “France Braces For Blackouts As Gas Stockpiles Dwindle”
Russia will be able to resume its oil production to 90% of the levels it was producing prior to the pandemic, Russian Deputy Prime Minister Alexander Novak said in an interview aired on Russian television on Wednesday. Novak attributed Russia’s ability to ramp up its oil production to the decision made by OPEC+ earlier on …
Continue reading “Russia To Resume Oil Output To 90% Of Pre-pandemic Level”