Fed chair is currently testifying to the house ways and means committee. Whether it is eu in china or the u. S. In china, we will break that down. We will have exclusive interviews with the erickson ceo. The main story continues to be the fed. The pandemic may threaten the stability of longterm Inflation Expectations. That was according to the vice chair yesterday. I judge that measures of longerterm inflection Inflation Expectations were at the downturn at the lower end of the range that i consider consistent with our 2 inflation objective. Given the likely downturn, we are at risk of falling below that range. Us now is blackrock system medical systematic portfolio manager. What does that mean if we fall sustainably below that range . That is where we are today. This is a huge shock. It is a huge shock across both sides of the economy. That has been met with less price inflation. We have seen the impact across price commodities. We have seen it yesterday with retail sales in recovery
We are getting out of equities and bonds. They are getting out of crude. They are all just going into dollar, the dollar being another safe haven here. Caroline certainly the dollar remains the haven of choice. It is interesting whether we are talking about an inflationary or deflation area cycle as sherry was pointing out. Volumes have been very much on the thin side today, and people have been taking a step back on the risk on and risk off folk us. Volumes in the s p 500 remain. Romaine i am glad you brought up the volumes. That is something we should have talked about a bit more. The price action over the next couple of days may not be completely reflective of economic sentment, but it could cause a lot of problem for folks depending on the side of the trade you are on. Caroline lets take it back out to sherry paul now. Sherry, the big expiration as for the hearing from that coming up. Volatility s of and you are saying to remain committed. The dollar remains stronger as taylor poin
True, this is a weird story, like, well , rossetka, or maybe its better, i dont know, no, really, why are they waving not american, but ukrainian, it seems to me that this cannot happen in reality , well , friends, 2024, well, get used to it, we have everything, so we have here, contrary to, so to speak, our uh, classic layout schedule call from viewers, we are like this, we do not ignore our respected viewers, we answer almost everyone, please, hello, who are we, good afternoon, hello, what is your name . My name is andrey, okay, where are you from . From moscow, very nice. Please, question, answer, wishes, complaint . Yes, the question is the following, they are now actively discussing that ukraine has allocated 100 billion dollars to help its allies, most of all ukraine, but i drew attention to another aspect, that on the same day when. They pushed this bill, and the money was nevertheless allocated, they decided on the same day to ban tiktok in this country, and this is now the sub
The somewhat easier speech to give. It was plain for all to see that our union was not in a good state. Europe was better and worst by the very foundation. We only had two choices either come together around a positive european agenda, or each retreat into our own corners. Faced with this choice, i argued for unity. I proposed a positive agenda to help create, as i said last year, a europe that protects, a europe that empowers, a europe that defends. Over the past 12 months, European Parliament has helped bring this agenda to life. We continue to make progress with each passing day. Just last night you worked to find an agreement on instrument and doubling our European Investment capacity and you succeeded. Thank you for that. I also want to thank the 27 leaders of our Member States. This after my speech last year, they welcome my agenda at their summit. In doing so, they chose unity, they chose to rally around our common good. Together, we showed that you can deliver for citizens when
The very foundation. We only had two choices either come together around a positive european agenda, or each retreat into our own corners. Faced with this choice, i argued for unity. I proposed a positive agenda to help create, as i said last year, a europe that protects, a europe that empowers, a europe that defends. Over the past 12 months, European Parliament has helped bring this agenda to life. We continue to make progress with each passing day. Just last night you worked to find an agreement on instrument and doubling our European Investment capacity and you succeeded. Thank you for that. I also want to thank the 27 leaders of our Member States. This after my speech last year, they welcome my agenda at their summit. In doing so, they chose unity, they chose to rally around our common good. Together, we showed that you can deliver for citizens when and where it matters. Ever since weve been slowly but truly gathering momentum. It helped that the Economic Outlook swung in our favor