The US economy can “flourish” in an environment of tighter Fed policy, Jerome Powell said Wednesday, after the Fed hiked rates and signaled a half-dozen
Day: March 16, 2022
Fed Delivers Liftoff, Signals Seven 2022 Hikes
The Fed raised rates by 25bps and signaled seven hikes for 2022 following March’s policy meeting. Jim Bullard dissented in favor of a 50bps move.
You Don’t Want A Crypto Future. You Just Think You Do
In the weeks since the West moved to seize Russia’s foreign currency reserves, (too) many market participants have exhibited an updated, more fervent version of
US Retail Sales Decelerate As Gas Prices Surge
US retail sales rose 0.3% in February, data out Wednesday showed, an underwhelming performance that could exacerbate fears of an economic slowdown even as it
Xi Rescues Chinese Stocks, Triggers Astounding Rally
Beijing finally reached the pain threshold. Following a series of dramatic sessions during which Hong Kong shares capped a rolling bear market with an existential
