KYIV, Ukraine—Russian forces were pushing to encircle two cities in eastern Ukraine on Wednesday, part of an all-out assault to take control of the Donbas area, which is making progress but at a cost for Moscow. Fighting was centered around two cities on either side of the Siverskyi Donets River, Severodonetsk and Lysychansk. The two … Read more
Joseph Stiglitz, a Nobel Memorial Prize in Economic Sciences professor at Columbia University, predicted that US financial authorities would fail to curb inflation and acknowledged that the US economy needed supply-side intervention rather than rate hikes. He attended the World Economic Forum in Davos, Switzerland. “Rising rates won’t solve the problem of inflation,” he said … Read more
US Treasury Secretary Janet Yellen denied the idea that central banks in major advanced economies and regions, including the United States, should raise their inflation target on the 19th. The reason is that a stable price outlook is important when living expenses are skyrocketing. Yellen told reporters in Bonn, Germany, during his stay at the … Read more
The probability that the US economy will fall into recession within a year is gradually increasing. According to the latest monthly economist survey conducted by Bloomberg, the probability of a recession in the next year is 30%, the highest level since 2020. The increase from April, which was 27.5%, is modest, but it has doubled … Read more
Bostic, the governor of the Atlanta Liberal Democratic Bank, said on the 9th that it is desirable for US financial officials to continue raising interest rates by 0.5 points, and that there is no need for a significant rate increase. “I don’t think we need to move more aggressively,” he said in an interview with … Read more
The issue facing the European Central Bank (ECB) is not whether interest rates should be raised, but the speed, said Chief Economist Lane. “It doesn’t matter if we raise the central bank deposit rate by 0.5% right now,” Lane told Bloomberg Television on the 29th. “The scale and timing of interest rate normalization is a … Read more
U.S. federal prosecutors accused Bill Hwang, 57, founder of Archegos Capital Management, a family office that suffered huge losses, and Patrick Harrigan, 45, chief financial officer.suebottom. Prosecutors said Juan used Alkegos as a “market manipulation and fraudulent tool” to artificially inflate the portfolio from $ 1.5 billion to $ 35 billion, resulting in a deadlock … Read more
Federal Reserve Chairman Jerome Powell has a notable advantage in supporting the accelerating rate hike, including raising the policy rate by 0.5 points at the Federal Open Market Committee (FOMC) meeting in May. Showed the recognition that there is. “0.5 points will be an option at the May meeting,” Powell said at a panel debate … Read more