About: 王建军
Recent Posts by 王建军
Powell Raises “Unconditional” Commitment to Battling Inflation
Fighting rampant inflation has become the Fed’s main objective, and Fed Chair Jerome Powell’s words to the US House Financial Services Committee during his semi-annual testimony might have sparked more than a few fears about a recession. Specifically, it means that the Fed might be ready to cause increased unemployment or even a recession –Continue Reading
Crude Tumbles On Recession Fears and Biden’s Petrol Tax Holiday
On Wednesday afternoon, 22 June, Fed Chairman Jerome Powell made his semi-annual testimony to the Senate Banking Committee. In his testimony, Powell highlighted that the Fed was “strongly committed” to bringing down inflation and that the American economy is in a strong position to handle the continued rate hikes. However, Powell has also noted thatContinue Reading
Fed’s 75 Point Hike Boosts Equity Markets
On Wednesday evening (GMT+3), the US Federal Reserve announced a rate hike of 0.75% or 75 basis points, up from the last rate hike of 50 points. This is the largest Fed interest rate hike in 28 years, and brings the benchmark interest rate to between 1.50% – 1.75%, a number last seen just beforeContinue Reading
