Russia and Ukraine should be close to reaching a deal to finish the blockade of grain exports through the Black Sea, Financial Times reported on Tuesday, citing sources familiar with the UN-led negotiations. Despite the advances, the parties disagree on how to ensure the security of ports and ships along the export route, said the …
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Sacaramucci Predicts in the video below Bitcoin will hit $500,000 instead it wiped out his fund Anthony Scaramucci’s Skybridge Capital suspended redemptions in one of its funds after sharp declines in stocks and cryptocurrencies, according to people familiar with the decision. The Legion Strategies fund suspended redemptions because private companies, which are harder to sell, …
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The International Monetary Fund will cut its global economic growth outlook “substantially” in its next update, as finance chiefs grapple with a shrinking list of options to address the worsening risks. Surging food and energy prices, slowing capital flows to emerging markets, the ongoing pandemic and a slowdown in China make it “much more challenging” …
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Uncertainty is dominating the oil market this week, with recession fears being countered by physical tightness and growing supply risks. This week’s seesawing was in large part driven by the market expecting a 100 basis point hike, sending all global crude benchmarks crashing down to double digits, however as soon as the US Federal Reserve …
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Prices of oil futures dropped in overnight trade while supply concerns fueled market uncertainty the previous week. Meanwhile, Saudi Arabia announced that the country plans to increase oil production to 13 million barrels per day. Previously, Saudi Arabia stated that the Organization of Petroleum Exporting Countries (OPEC) and its partners will continue to assess market …
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Consumer Confidence has fallen for the seventh month in a row as accelerating inflation erodes household buying power, figures suggest. Confidence fell to its lowest point last month since August 2020, according to analysis by YouGov and the Centre for Economic and Business Research. Households reported that their finances worsened in the past month, while …
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Copper price action continues to show massive bear trends and signals further declines. The continuous breakdown of short-term trading ranges fosters a volatile market. This leaves industrial buyers at risk of inventory value fluctuations. Copper prices peaked in March, muted demand from China triggered the beginning of the price downtrend. The impact of China’s lockdowns …
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12-month headline inflation peaks at 9.1%, core slows further to 5.9%. Headline inflation in the backward looking CPI has peak at 9.1%. The more important Core CPI inflation, in contrast, has peaked in March at 6.5% and has fallen further in June down to 5.9% in the current print. Funny what the forget to tell …
Continue reading “Inflation has peeked… Its the massive deflation a panic FED has created”
P rices of oil futures fell on Thursday as recession fears continued to mount, prompted by the latest report on the United States inflation. The elevated figures could potentially lead to more aggressive rate hikes from the Federal Reserve, which would, in turn, affect the growth of the global economy and tamp down the demand …
https://youtu.be/i5SDm4I7Jko US bls Says “Leaked” 10.2% CPI Report Was Fake US Department of Labor Says “Leaked” 10.2% CPI Report Was Fake. The US CPI report will be the main highlight tomorrow, and will also serve as what JPMorgan calls a “market clearing event.” While the BBG median consensus expects +8.8% YoY vs. +8.6% in June, …
Continue reading “Fake June CPI Report “Leaked” market dropped hard then recovered”