The European Central Bank (ECB) must be careful not to overreact to high inflation in the short term, says its chief economist, Philip Laneas it could lead to very weak price pressures later on.
United States: FED should raise interest rates in March
The Federal Reserve should start its tightening cycle with a 50 basis point rate hike in March, and then raise rates by 25 basis points in subsequent meetings,” he says. Kathy Bostjancicfrom OxfordEconomics.
Crude prices will boost production
The US Energy Agency crude oil prices are expected to remain high enough to boost oil production. crude oil in usa to record levels in 2023: 12.6 million barrels per day.
Biden and Yellen feud over delay
The release of US President Joe Biden’s cryptocurrency policy is being delayed by a dispute between White House officials and Treasury Secretary, Janet Yellenon the scope of an executive order
Unemployment subsidy requests rise
New applications for unemployment benefits in the US rose to 248,000 in the last week compared to 225,000 the previous week (revised data from the 223,000 initially registered) and 219,000 estimated by analysts.
First bank to enter metaverse
the american bank JPMorgan Chase announced an investment in Decentraland, one of the most popular virtual reality platforms based on the ‘blockchain’ concept, becoming the first bank to enter the metaverse.
FSB: cryptocurrencies would be a threat
The Financial Stability Board (FSB)international organization that controls and makes recommendations on the global financial systemwarned that “crypto asset markets could reach a point where they pose a threat to global financial stability.”
He urged regulators to act and give “a timely and preventive political response” with regulation.
