EU Approves Energy Emergency Measures
The first package of emergency measures to tackle the rapidly growing energy crisis in Europe were approved by EU energy ministers on Friday. Negotiated in under a month, the package…
Eurozone Inflation Still Soaring
Eurozone inflation came in at 10% year over year in September, a new record high which will almost assure aggressive action by the European Central bank at their upcoming meeting.…
China Sees Declining Demand From Overseas As Global Economy Slows
Chinese Vice Commerce Minister Wang Shouwen said in a press conference Tuesday that China is seeing a gradually declining demand for goods as the global economy slows. However he still…
European Gas Spikes, Off Uncertainty Over TurkStream Pipeline
European Natural gas prices jumped more than 10% on Friday, hitting $2100 per thousand cubic meters, as word spread the TurkStream pipeline’s operator lost its license to operate due to…
Fed’s Favorite Inflation Measure, Core PCE, Still Rising In August
Despite an aggressive series of interest rate hikes by the Federal Reserve, Core PCE, the Fed’s preferred measure of inflation, went up in August. In August, there was a small…
