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A new "inflationary shock" was predicted for the Russian economy
Having experienced the strongest devaluation of the ruble in eight years and a sharp acceleration of inflation, the Russian economy may face a new shock next year, warns Alfa Bank.
According to his forecast, by the end of the year, the dollar rate will again rise to the 100 ruble mark, which it broke through last summer. "The key factor for the ruble exchange rate should be the search for new sales markets" for Russian goods, Alfa Bank explains: if this can be done, the inflow of foreign exchange earnings will increase.
But there are still problems with it: according to the results of last year, export revenues of the Russian economy fell by almost 30%, to $422.7 billion, the lowest level since the 2020 pandemic. This promises "risks of weakening of the ruble", which, in turn, "create the threat of new inflationary shocks", write analysts of Alfa Bank.
https://amp.cnn.com/cnn/2024/02/06/business/mcdonalds-prices/index.html
$3 for a single McDonald’s hash brown? Customers are fed up and pushing back
That is why we may not see a reduction in the Fed Funds rate until this October or November.
AD says
That is why we may not see a reduction in the Fed Funds rate until this October or November.
Still too early.
https://x.com/charliebilello/status/1757453832324341971?s=46&t=5lEEPaezr6Ic-W4Z6huZ5Q
This will then have Senator Pocahontas to put pressure on Powell to lower the Fed Funds rate at least 4 months before the upcoming Presidential election.
1) They get pressured to lower rates due to high debt service for the new issued bonds.
Why in the world would the Fed lower interest rates at all this year?
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And if you see the above chart, about from 2007 to 2015 there were no real gains in household income. More specifically, income was not keeping up with inflation, even with government inflation being reported as low.
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IIRC, Fed Daly is the SF Fed president. It will be interesting to watch what the Fed will do in the coming months.
I can't imagine any woman being happy with opening that box.
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net