The Fed is widely expected to approve the 11th interest rate hike since March 2022 this on July 26, taking the borrowing rate to its highest level in 22 years. What risks is the move fraught with?
Joe Biden s recent panegyric on "Bidenomics" is detached from reality given that the train of the US economy is moving into a dead end, US Professor of Economics and Politics Jack Rasmus told Sputnik.
Secretary of State Antony Blinken likely sought to stabilize relations with Beijing because the US felt pressure from China s withdrawal of support for the dollar and the enormous US government deficit, analysts told Sputnik.