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Jerome Powell: The neutral rate "is pretty low these days."

Jerome Powell: The neutral rate "is pretty low these days."

The data show that inflation expectations that short-term inflation will be high still hold, but are falling sharply in the medium term. Fed inflation expectations have also risen. We have not decided how tight our policy restrictions should be. A compromise can always be found. Any recommendations we make are

U.S. failed to reduce chip production capacity in China - Bloomberg

U.S. failed to reduce chip production capacity in China - Bloomberg

China's semiconductor industry is showing signs of prosperity, despite the evidence of Trump and his successor, Biden. Chinese orders for chip-making equipment from foreign suppliers rose 58% in 2021, making it the largest market for these products for the second year in a row.

Loans in Russian banks will become cheaper after the reduction of the rate of the Central Bank, - Prime

Loans in Russian banks will become cheaper after the reduction of the rate of the Central Bank, - Prime

Russian banks are ready to adjust the cost of loans after the reduction of the key rate of the Central Bank of Russia, some market participants even did it in advance, without waiting for the decision of the regulator. As for deposit rates, most of the surveyed banks want to

Unification of FIU and Social Insurance Fund supported in the State Duma, - Ministry of Labor

Unification of FIU and Social Insurance Fund supported in the State Duma, - Ministry of Labor

This change will increase the upper limit of payments for sick leave, maternity benefits by one and a half times, said Vyacheslav Volodin. A single fund will begin to operate on January 1, 2023. Funds, which will be released after the optimization of costs for the maintenance of the apparatus

All U.S. Federal Reserve Banks Reported Continued Economic Growth - Fed Beige Book

All U.S. Federal Reserve Banks Reported Continued Economic Growth - Fed Beige Book

Most FRBs reported strong price increases in the regions they oversee. Rising input prices in particular were noted. Eight of the 20 Reserve Banks reported that respondents' expectations for future economic growth were declining. Three banks expressed concern about recession risks.

Fuel prices in the UK rose to new records

Fuel prices in the UK rose to new records

According to the automotive organization RAC, the average price of diesel fuel in Britain reached $2.31 per liter on Saturday. The average cost to fill up a family car exceeded 100 pounds, which could seriously affect consumer spending. Prices for regular gasoline are also at record levels. The average

Nvidia is up just 3.5% after a good report. Forecasts got off to a rocky start

Nvidia is up just 3.5% after a good report. Forecasts got off to a rocky start

Despite the quarterly report exceeding analysts' expectations, the outlook for the current quarter was worse than expected amid a "challenging macro environment. The first quarter of 2022 was positive for the semiconductor manufacturer. Revenue was up more than 46% year over year to $8.29 billion, with EPS of $1.

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of

Bank of Russia intends to negotiate with two "tourist" countries in the summer to accept the cards "Mir" - first deputy chairman of the Central Bank Skorobogatova

Bank of Russia intends to negotiate with two "tourist" countries in the summer to accept the cards "Mir" - first deputy chairman of the Central Bank Skorobogatova

The Central Bank of Russia is in favor of extending the program to reimburse businesses for commissions for payments to the SBP by QR code, the first deputy chairman said. Bank of Russia allows the exchange of digital ruble into foreign currency and opening wallets to non-residents from 2024

Stocks

Stocks

📈 Shares of biopharmaceutical Pfizer (+5.1%) are up. The company's quotes are rising after the FDA (U.S. Food and Drug Administration) meeting, which granted approval for booster doses of the COVID-19 vaccine for children in emergencies. However, it is unlikely that this will lead to any additional orders for