Modi Urges Indians To Conserve Fuel As Oil Shock Spreads

One Day Until Trump's Self‑Imposed 5-Day Deadline On Iran But Markets Appear Increasingly Numb By Molly Schwartz, Cross Asset Macro Strategist at Rabobank More persistent inflation Yesterday, Iran rejected the US-proposed 15-point plan, instead laying out its own conditions in a 5-point plan; (1) halt the killing of Iranian officials; (2) means to make sure no other war is wage against it; (3) reparations for the war; (4) an end to all hostilities; and (5) Iran’s “exercise of sovereignty over the Strait of Hormuz.” The probability that Washington would accept these terms in...

Watch Live: Warsh Blasts Fed's 'Fatal Policy Error' On Inflation, Pledges Strict Independence As Tillis Confirms Hold On Fed Chair Nomination Latest:  Warsh labeled the Fed’s 2021-2022 response a “fatal policy error” on inflation. He demands a new policy framework, tools, and major communications reform. Warsh rejects forward guidance and refuses to preview future rate moves. Price stability exists when no one talks about inflation, Warsh testified. Warsh disputes that tariffs caused the recent inflation overshoot. Inflation data used by the Fed is “quite imperfect,” per Warsh. He focuses most on the underlying inflation rate. Trump never asked...

Amazon's Ring And Google's Nest Unwittingly Reveal The Severity Of The U.S. Surveillance State Authored by Glenn Greenwald via Substack, That the U.S. Surveillance State is rapidly growing to the point of ubiquity has been demonstrated over the past week by seemingly benign events. While the picture that emerges is grim, to put it mildly, at least Americans are again confronted with crystal clarity over how severe this has become. One of Google’s Nest surveillance cameras, whose recordings can be accessed by Google even if users don’t subscribe to the security firm’s...