Currencies
Shortly after, authorities stepped into markets to prop up the yen for the first time since 1998 after its slide against the dollar. Dollar drops The dollar fell against all its Group of 10 peers except the Swiss franc.
Metals
The Ukrainian prisoners released by Moscow included 188 fighters who held out for months against a Russian assault at the Azovstal steel plant in Mariupol.
United States
The largest private-sector employer in the US also aims to hire 40,000 workers for the holiday season a sizable decrease from 2021. Last week, I heard the former director of the National Institutes of Health talk about an unexpected challenge in the US vaccination campaign against Covid. After the announcement, Goldman raised their forecast, now expecting a peak Fed Funds rate of 4.5% to 4.75%, from 4% to 4.25% previously. Stocks wavered after a host of central banks followed the Fed with rate hikes.
Tight Fed The Fed delivered a 75 basis-point hike yesterday, and admitted there will be below-trend growth for a period. Wendy Benjaminson James announces the fraud case against Trump and his children on Wednesday. Follow Venezuelan migrants on the deadly sea route to the US. Matthew Prince at the Wall Street Journal Tech Live global technology conference in 2019.
0 Tight Fed The Fed delivered a 75 basis-point hike yesterday, and admitted there will be below-trend growth for a period. Wendy Benjaminson James announces the fraud case against Trump and his children on Wednesday. Follow Venezuelan migrants on the deadly sea route to the US. Matthew Prince at the Wall Street Journal Tech Live global technology conference in 2019.
