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Global Central Banks Dictate Fed's Move
The last SriKonomics discussed how Federal Reserve Chairman Jerome Powell argued, unconvincingly, at his press conference June 14 that the central bank was not done with hiking rates after pausing that day. Given the Chairman’s level of credibility, equity markets rallied on the assumption that the Fed would not pursue the tightening that Powell had suggested. He found himself left alone at the pausing altar as other major central banks made significant tightening moves, and he was forced last week by these developments to virtually guarantee a rate increase at the next meeting of the Federal Open Market Committee ... (full story)
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As the month and quarter wind down, inflation readings are featured. The US May PCE deflator, which is the targeted measure is reported. Canada and Australia report May CPI. The ...
post at 1:33pm: *(RU) WAGNER CHIEF PRIGOZHIN: CONFIRMS WAGNER IS RETURNING ITS CONVOYS TO BASES TO AVOID BLOODSHED; GOING BACK TO UKRAINE ACCORDING TO THE PLAN - Confirms he is turning the column advancing on Moscow back to bases https://t.co/8CuS9RO5JkWagner chief says he ordered his Russian mercenaries to halt march on Moscow The head of the Wagner force said Saturday he has ordered his mercenaries to halt their march on Moscow and retreat to their field camps in Ukraine to avoid shedding Russian blood. The announcement from Yevgeny Prigozhin appeared to defuse a growing crisis. Moscow had braced for the arrival of the private army led by the rebellious commander. And President Vladimir Putin had vowed he would face harsh consequences. Prigozhin said that while his men are just 200 kilometers (120 miles) from Moscow, he decided to turn them back to avoid “shedding Russian blood.” He didn’t say whether the Kremlin has responded to his demand to oust Defense Minister Sergei Shoigu. There was no immediate comment from the Kremlin. The announcement follows a statement from the office of Belarusian President Alexander Lukashenko saying that he had negotiated a deal with Prigozhin after previously discussing the issue with Putin. Prigozhin has accepted Lukashenko’s offer to halt the Wagner group’s advance and further steps to de-escalate the tensions, Lukashenko’s office said, adding that the proposed settlement contains security guarantees for Wagner troops. It didn’t elaborate. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Moscow on Saturday erected checkpoints with armored vehicles and troops on its southern edge, Red Square was shut down and the mayor urged motorists to stay off some roads as the Russian capital braced for the arrival of a private army led by a rebellious mercenary commander. President Vladimir Putin vowed harsh consequences for organizers of the armed uprising led by his onetime protege, Yevgeny Prigozhin, who brought his forces out of Ukraine, seized a key military facility in southern Russia and advanced toward Moscow. Prigozhin’s actions represented the most significant challenge to Putin
post at 11:18am: Moscow mayor says "the situation is difficult" and "city services are on high alert" as Wagner forces approach the Russian capitalWagner Convoys Advancing Towards Russian Capital, Chechens Loyal To Putin En Route Wagner Group is making a move on the Russian capital, with multiple reports and videos now confirming Wagner convoys are headed toward Moscow, going north from Rostov region. At the same time, Chechen groups loyal to Putin are now sending their own armed convoys toward Rostov-on-Don, which has several key installations under the control of Yevgeny Prigozhin, accused of 'treason' by the Kremlin. Reuters is reporting, "Mutinous Russian mercenary fighters barreled towards Moscow on Saturday after seizing a southern city overnight, with Russia’s military firing on them from the air but seemingly incapable of slowing their lightning advance." Little to no significant resistance is being observed while Wagner convoys blow through makeshift roadblocks. Some observers say Wagner fighters have been spotted within a mere few hours outside the capital.
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- Posted: Jun 24, 2023 7:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,814