POWELL is in his usual style. Were you expecting something new?

July 9, 2024

INFLATION HAS EASED `NOTABLY’ BUT REMAINS ABOVE 2% GOAL MORE GOOD DATA’ WOULD BOOST CONFIDENCE ON INFLATION EASING TOO SOON, TOO MUCH COULD HARM INFLATION PROGRESS EASING TOO LITTLE, LATE COULD UNDULY WEAKEN ECONOMY

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.

POWELL is in his usual style. Were you expecting something new?

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%