Sweden expects Turkey to approve its NATO membership 'within weeks'
Sweden expects Turkey to approve its NATO membership “within weeks,” the country’s foreign affairs minister told CNBC after a months-long impasse over Stockholm’s future within the alliance. Sweden sent a formal application to join NATO back in May 2022, alongside Finland. The latter became an official member in April 2023, but Sweden has been kept waiting by member nations Hungary and Turkey. Turkey raised issues regarding around what, it says, is Sweden’s harboring of militants from the Kurdistan Workers Party (PKK). Hungary, on the other hand, has raised concerns over previously made comments in Sweden ... (full story)
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post: OPEC+ HAS REACHED CONSENSUS ON OIL OUTPUT CUTS - 2 SOURCES post: *OPEC+ AGREES ON 1M B/D OF EXTRA SUPPLY CUTS: DELEGATE *EXTRA OPEC+ CURBS COME ALONGSIDE EXTENSION OF SAUDI 1M B/D CUT
Good morning, everyone. Welcome to the New York Fed. We are so pleased to be co-hosting this conference with the Bretton Woods Committee. My remarks today will focus on the economic picture in the United States, including the monetary policy actions we are taking and my outlook for the economy. Before I go further, I need to give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. The Federal Reserve has a dual mandate, set by Congress, to achieve maximum employment and price stability. We are doing well on the employment side of the mandate. The unemployment rate has been below 4 percent for the past 21 months. Thatís the longest stretch since the 1960s. And itís in line with my 3-3/4 percent estimate of the unemployment rate expected to prevail in the economy in the longer run. post: <=USD>:*WILLIAMS REPEATS FED AT OR NEAR PEAK OF INTEREST RATES *WILLIAMS: EXPECT INFLATION TO REACH 2.25% NEXT YEAR *WILLIAMS: DECISIONS WILL CONTINUE TO BE DATA DEPENDENT *FED'S WILLIAMS: POLICY STANCE IS MOST RESTRICTIVE IN 25 YEARS post: FED'S WILLIAMS: MONETARY POLICY IS QUITE RESTRICTIVE, THE MOST IN 25 YEARS. post: FED'S WILLIAMS: IF INFLATION PRESSURES PERSIST FED COULD HIKE AGAIN.
post: OPEC+ JMMC MEETING ENDS WITH NO RECOMMENDATION - SOURCE.
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The Chicago Business Barometer, also known as the Chicago PMI, jumped to 55.8 in November from 44 in the prior month. Economists polled by the Wall Street Journal had forecast a ...
post: -OPEC+ may meet again before year-end -Algeria has agreed to cut January oil output by an additional 50,000 barrels per day - Energy Minister. @DailyFXTeam
post: OPEC+ MINISTERS BEGIN MEETING ON 2024 OUTPUT.