Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
In China, the Shanghai share market broke its major psychological support at 3000. The selling pressure has continued to expand on time here in January as oil also broke its major psychological support at $30. These levels are not really important, … Continue reading