Currencies
The measure breached 0.8 at the height of the early pandemic selloff and was even higher when global stock markets slumped in 2011 during the euro-zone sovereign debt crisis.
Oil
Making BOE s Bailey a scapegoat, taming inflation is America s top priority, Russia oil cap plan may backfire, neutral ECB rat View in browser Good morning. Making BOE s Bailey a scapegoat, taming inflation is America s top priority, Russia oil cap plan may backfire, neutral ECB rate and strikes continue in France. An oil platform under tow to a deepwater oil and gas field in the Gulf of Mexico. For Louisiana, it means making sure that its state s citizens don t find themselves retiring into a depressed landscape of abandoned oil derricks and deprivation.
United States
Coming Up European equity futures nudged lower ahead of highly anticipated US inflation figures, the last major data release before Fed officials meet next month. Correlations, at least in the US equity market, have edged higher, but remain off the peak seen earlier in the year and well below levels associated with panic selling. To complete the hawkish commentary, Janet Yellen, former Fed chair and now Treasury secretary, gave a speech in Washington in which she said that inflation was the US priority.
Instead, they emphasized that the Fed s governors fear that underreacting to inflation could cause more pain than overreacting. Occasionally, the Fed can use the minutes to bury a landmine that will explode three weeks later.
0 Instead, they emphasized that the Fed s governors fear that underreacting to inflation could cause more pain than overreacting. Occasionally, the Fed can use the minutes to bury a landmine that will explode three weeks later.
