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Since Moscow’s main concern has been Nato growth, Putin would possibly discover this feature price contemplating. It can be price fascinated about for Nato too. The alliance’s growth within the face of the Kremlin’s warnings has helped push Europe to the brink of a nuclear battle.
With China, Russia, and North Korea fielding more advanced missiles, the US and Canada are paying more attention to NORAD.
Russia said it could target commercial satellites if they are used to help Ukraine, the latest in a string of threats aimed at curtailing the military aid sent by the U.S. and other countries, while both NATO and the Kremlin conducted nuclear drills.
America was due to deliver an upgraded version of its B-61 nuclear bomb (pictured during a drill) to Europe in spring next year but has now brought delivery forward to this December.
The US wants to replace its nuclear bombs in Europe with an updated version of the B61-12 on a faster timeline
I Suggest You Pivot: Stocks Soar After Democrat Senator Urges Powell To End HikesOct 27, 2022 - 08:29:03 PDT
“It is important for the Fed not to overreach and trigger a recession unnecessarily, as part of its effort to bring inflation down,” said Representative Hakeem Jeffries of New York, the No. 5-ranked House Democratic leader.
Too many people assume the same central bankers who created the biggest inflation crisis in 40 years could somehow fix our complex economy.
Oct 27, 2022 - 08:15:04 PDT
The Bank of International Settlements & four central banks said they will continue developing a cross-border central bank digital currency (CBDC) platform after a successful trial. The BIS Innovation Hub in Hong Kong co-ordinated the trial for the mBridge platform. It worked with the central banks of China, Hong Kong, Thailand & the United Arab Emirates. The participants said they aim to take the project forward in 2023 and 2024, develop the mBridge platform into a minimum viable product
Paying for cash is becoming increasingly cumbersome in Argentina, with huge piles needed as the government refuses to issue bills with larger denomination despite inflation galloping toward 100%.
Trading in the global foreign-exchange market jumped to an all-time high amid heightened volatility, according to the Bank for International Settlements.
Mastercard Inc forecast a weaker-than-expected revenue growth for the last three months of the year on Thursday, overshadowing an upbeat quarter where the card issuer beat profit estimates on resilient consumer spending.
The global economy is suffering from a “disequilibrium phase” marked with unfavorable growth and inflation, and a worsening from here “cannot be ruled out,” according to Singapore’s central bank.
"If you take a step back and look at GDP, it's gone effectively nowhere over the last year," says Mark Zandi, chief economist at Moody's Analytics. "One quarter or two it's down a bit. This quarter it's up a bit. But net-net, we're kind of treading water."
...the nowcast of third-quarter real government spending growth increased from 2.4 percent to 3.8 percent, while the nowcast of the contribution of the change in real net exports to third-quarter real GDP growth decreased from 2.23 percentage points to 2.19 percentage points.
US Core Durable Goods Orders Tumble Most Since COVID Lockdown Collapse, CapEx ShrinksOct 27, 2022 - 05:46:48 PDT
After two straight months of declines, analysts expected a modest rebound in US durable goods orders, and they did, rising 0.4% MoM in preliminary Sept data (less than expected +0.6%) with August being revised upwards to a very small rise...
Oct 27, 2022 - 05:44:57 PDT
As the midterm elections get close, the news for Americans gets worse. On the housing/mortgage front, Bankrate’s 30-year mortgage rate (yellow line) just hit 7.20%, the highest since 2000. Also, the US Treasury 10yr-3mo yield curve (white line) inverted, historically a precursor to recession, before barely climbing back above 0%. Meanwhile, M2 Money growth has collapsed to the lowest level since 2010.
Once-in-a-Generation Wealth Boom Ends for America’s Middle Class: BloombergOct 27, 2022 - 05:36:10 PDT
The American middle class is facing the biggest hit to its wealth in a generation going into the midterm election, although it is also entering the vote richer than it has ever been thanks to a decade of cheap money and the wealth boom it fed.
Bank of Mexico board member Gerardo Esquivel cautioned against increasing the monetary policy rate to "excessively" restrictive levels as the economy remains weak, saying the bank's current rate-hiking cycle could end with rates between 10%-10.25%.
Turkish bankers have confronted top officials over rules that saddled them with government bonds and kept rates artificially low, according to people familiar with the matter, warning of massive risks in case monetary policy becomes far less accommodative.
The Bank of Canada’s interest-rate surprise potentially opens up Governor Tiff Macklem to the accusation that he and his governing council are reacting to political sniping against them, economists said.