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Saudi crown prince planning international trip soon – sources
RIYADH (Reuters) – Saudi Crown Prince Mohammed bin Salman is planning a trip to Turkey, Cyprus, Greece, Jordan and Egypt where he will discuss regional and international issues and ink agreements in energy and trade, four sources familiar with the plans said on Monday.Read More
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U.S. households felt financially flush going into 2022, Fed says
By Lindsay Dunsmuir and Ann Saphir (Reuters) – U.S. households reported their highest level of financial well-being since tracking began almost a decade ago and the gains were felt across all racial and ethnic groups, a Federal Reserve report released on Monday showed.Read More
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Africa, War in Ukraine: Food Inflation Clouds External and Fiscal Outlook, Raises Social Risks
Rising food prices due to Russia’s war in Ukraine may have long-lasting economic, fiscal, and social consequences for many African countries, exacerbating structural challenges for governments still burdened with the cost of the Covid pandemic.Read More
The best advice appears to be: bet on the vaccinations to work, keep monitoring the global economy and keep an eye on gasoline demand.
During July, Federal Reserve Chairman Jerome Powell mentioned his concerns about labor market growth twice in his public speeches.
We may have seen emerging signs that stock market and gold traders are banking on dampened fears over inflation, Fed easing policy.