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Crude oil is in the process of breaking above a crucial hurdle. However, the five-month-long feeble uptrend in natural gas is breaking down. What is the outlook and what are the key levels to watch? ....
We have a ways to go. clearly, the fed thinks there s more ground to cover. for americans, this means more economic pain ahead, as this decision pushes up the cost of borrowing. us labor leader afl cio president liz shuler criticised the fed s approach, warning that it would have a direct and harmful effect on working families. meanwhile, a number of democrats have warned that the fed s actions have done little to reduce inflation, while increasing the risk ofjob losses. acknowledging that rate hikes had been difficult for americans and businesses, mr powell defended the fed s actions, noting that unchecked inflation was even worse for the health of the american economy. as michelle mentioned, on wall street it proved to be a volatile session as investors reacted to what fed chair jerome powell had to say about future rate rises. if we look at asia, japan is fairly muted. hong kong is down ....
Fed s current thinking is on inflation. i think inflation will be the number one topic. there already others. supply chains, fiscal policy as well i m sure we will hear about, but inflation, how the fed got it wrong and what they re going to do to make sure they are not behind the curve, i think that s what s going to be the big focus today. what i don t think we are going to hear is how much are they going to raise rates in the september meeting could it be half a percent, three quarters of a percent, some say it might be a full percentage point. i don t think we will hear that clarity because he has shied away from that certainly in more recent meetings. i do, however, think that he is going to acknowledge that more pain is ahead in terms of a joblessness. we haven t seen that yet but they are expecting that in terms of inflation that will remain higher for longer. in terms of higher borrowing costs. so i do think there is going to be a real acknowledgment that there is some pain a ....