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  • Statement by Secretary Yellen on G7 Price Cap Announcement

    From home.treasury.gov

    The G7 leaders’ pursuit of a limit on the price of Russian oil represents a significant step in advancing our twin goals of sharply reducing Russian revenue and stabilizing global energy prices. Following the leaders’ direction today, the Treasury Department will work expeditiously with our counterparts in G7 countries, and other global allies and partners, to advance this effort. Our united response to Putin’s war of aggression has already imposed historic costs on Russia’s economy and has made it harder for it to wage war against Ukraine. By working together to limit the price of Russian oil, we will ... (full story)

US import 7.9% oil from Russia.

Who are you trying to fool?

If you really cared about Americans, you would explain to your boss, that increasing your own oil production is the most effective way to reduce gas prices.

You Janet, of all people, should understand basic economics......

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I come from the future.
Quoting Pat Chiko
US import 7.9% oil from Russia. Who are you trying to fool? If you really cared about Americans, you would explain to your boss, that increasing your own oil production is the most effective way to reduce gas prices. You Janet, of all people, should understand basic economics...... {image}
West only can win in this oil battle, if argue other countries accept sanctions or presuade Saudis. But US external politics in recent decade was awful, that they lost a lot of alies in different regions and made even worst relationship with other countries like China, now looks like time to pay...
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    FHFA House Price Index Up 1.6 Percent in April; Up 18.8 Percent from Last Year

    From fhfa.gov|Jun 28, 2022

    House prices rose nationwide in April, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices ...

    Fed's Williams: We need to get to somewhat restrictive territory next year

    From @financialjuice|Jun 28, 2022

    tweet at 8:42am: FED'S WILLIAMS: WE NEED TO GET TO SOMEWHAT RESTRICTIVE TERRITORY NEXT YEAR. tweet at 8:42am: WILLIAMS: REASONABLE TO GET TO 3.5% - 4% FED FUNDS RATE tweet at 8:43am: WILLIAMS: NEXT MEETING 50 BPS OR 75 BPS WILL BE THE DEBATE tweet at 8:44am: FED'S WILLIAMS: I AM NOT SEEING SIGNS OF A TAPER TANTRUM.

    Williams: recession is not my base case; economy is strong, financial conditions have tightened

    From @DeItaone|Jun 28, 2022

    tweet at 8:37am: FED'S WILLIAMS: RECESSION IS NOT MY BASE CASE -- CNBC INTERVIEW WILLIAMS: ECONOMY IS STRONG, FINANCIAL CONDITIONS HAVE TIGHTENENED tweet at 8:38am: FED'S WILLIAMS: I EXPECT GDP TO GROW 1-1.5% FOR THE YEAR. tweet at 8:38am: FED'S WILLIAMS: WE HAVE A PATH FORWARD TO BRING INFLATION DOWN. tweet at 8:40am: *WILLIAMS: #FED HAS PATH TO BRING #INFLATION DOWN - BBG *WILLIAMS: EXPECTING GROWTH TO SLOW THIS YEAR BUT NOT RECESSION *WILLIAMS: SEEING SLOWING IN RATE-SENSITIVE SECTORS LIKE HOUSING *WILLIAMS SEES UNEMPLOYMENT RATE PUSHING UP A LITTLE ABOVE 4% tweet at 8:41am: WILLIAMS: NOMINAL NEUTRAL RATE IS HIGHER WILLIAMS: THAT'S ONE REASON WE NEED TO RAISE RATES QUITE A BIT THIS YEAR, NEXT YEAR WILLIAMS: NEED TO GET REAL RATES ABOVE ZERO

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  • Posted: Jun 28, 2022 9:18am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 1,112
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