China Blacklists EU Defense, Aerospace Firms Over Taiwan Dealings

Forward Guidance Is Gone By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC kept the target range for the federal funds rate unchanged and dropped its easing bias. However, this unanimous decision was announced in an unusually short statement. What’s more, at his first press conference as Fed Chair Kevin Warsh terminated forward guidance. However, the Summary of Economic Projections had already revealed that half of the FOMC participants (who submitted a forecast) expected to hike before the end of the year. Warsh did not submit his...

What Does The End Of OPEC Mean For The Iran War And Global Energy Prices? Did the UAE just trigger a once in a century shift in global energy markets?  The United Arab Emirates on Tuesday said it was quitting OPEC by May 1st after 60 years as a member, dealing a blow to the cartel ​as the Iran war exposes discord among Gulf nations and Iran. The exit of the UAE, one of the group's biggest producers with 15% of total exports, weakens ‌OPEC's control over global oil supplies and widens...

Bad News Overload? News Avoidance On The Rise These days more than ever, it often feels like there’s no end to bad news. In the age of social media and constant exposure to news, doom scrolling can take a heavy toll on people’s mental wellbeing. As a consequence, more and more people actively try to avoid the news or at least limit their exposure to it. As Statista's Felix Richter shows in the chart below, according to the Reuters Institute’s latest Digital News Report, an average of 42 percent of respondents from 48 countries...