Politically, Mr Biden needs the markets’ forward looking indicators to be off. In seven weeks the Democratic Party will be tested in the mid-term elections. Mr Biden is counting on an argument that he is the steward for a recovering economy and that he will need majorities in the House and the Senate to continue his inflation reduction agenda.
We engage to mitigate fear … Government is the result of a need held by traders. People have no reason … More
According to data from NADEX, there is a 57% chance the GBP/USD will close above 1.1675. I expect the rate … More
For traders, I would expect that increased short term rates will make the dollar more attractive and politically will find Mr Biden having to spin a new and positive narrative around rising rates.
Is bitcoin a hedge against inflation? I hear that a lot, but one should be wary of the sources of that argument. They are a bunch of speculators on YouTube making that argument versus regular consumers making household purchases. The consumer price inflation index does not incorporate speculation in its household shopping cart and nor should you.
Stacey Abrams and Brian Kemp should either remain silent on inflation or at, maximum, learn the causes of inflation and share that knowledge with voters. What they are proposing in terms of spending and taxation provides political optics and nothing more.
Politically, labor markets will continue to take on some importance, but as the structure of labor continues to change in the face of the growing value of financial assets, labor will play a less important component in determining the strength of the economy.
Labor will be the next “to what end” question.
Today, President Joe Biden heaped praise on Senator Joe Manchin, Democrat of West Virginia, and Senate Minority Leader Mitch McConnell, … More
Today, Mr Powell may have signaled some coordination on recession messaging, but if the CPI numbers do not signal some kind of respite for the consumer, Mr Powell may find himself thrown under the political bus.
FX rates as of 3:00 pm 14 July 2022 Currency Pair Exchange Rate GBP/USD 1.1898 USD/XCD 2.7000 USD/JMD 149.4500 USD/DOP … More