Weekly Inflation Outlook: Incompetent Or Worse?
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| 📚 Daily Digest | Monday, Jun 20, 2022 | | |  | | | | Fed Hike Talk, Bitcoin Bounce, Macron Defeated - What's Moving Markets | | |  | | © Reuters. | | The dollar stays bid after a Federal Reserve official argues for another 75 basis point hike in July. Germany restarts its coal-fired power stations and will introduce an auction scheme to reduce its gas consumption after Gazprom cut supplies by 60% last week. Emmanuel Macron loses his parliamentary majority in France, while China passes up an opportunity to loosen monetary policy. Bitcoin bounces after dipping below $18,000 at the weekend, but oil's sell-off continues as fears of a recession meet a slight improvement in the supply outlook. Here's what you need to know in financial markets on Monday, June 20. | | | | | | | | | | Today's Top News | | | | | | Commodities | | Oil Prices Mixed Amid Volatile Trading | | Oil prices were mixed on Monday in a day of volatile trading, as investors eyed both tightening supply and fears over how a potential slowdown... | | | | | | | | | | | | Don't Miss Out On Tomorrow's Webinar | | | | | | | | | | | | | | |
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