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Don't Raise Rates Based On A PCE That Will Be Re-Written September 30th
Don't Raise Rates Based On A PCE That Will Be Re-Written September 30th
Authored by Richard Roberts via RealClearMarkets,
The Federal Open Market Committee votes on interest rates September 16.
Two weeks later, on September 30, the Bureau of Economic Analysis will revise the PCE price index, the inflation measure the Fed targets, back to 2021 and publish the August reading in the same release.
Governor Christopher Waller has already said which way one of the changes is expected to go. On September 3 he said the change in the way the Commerce...
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Newsom Announces He's Being Investigated By Trump Justice Department
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In recent days, federal agents have knocked on the doors of...
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Qatar And UAE Turn To Rare LNG Ship Transfers As Hormuz Crisis Drags On
Qatar And UAE Turn To Rare LNG Ship Transfers As Hormuz Crisis Drags On
By Tsvetana Paraskova of OilPrice.com
Three LNG carriers loaded from Qatar and the United Arab Emirates in the Persian Gulf have transferred their cargoes onto other vessels outside the Strait of Hormuz in the past month, a move that’s highly unusual for LNG cargoes but one that could raise the crippled LNG shipments from the region.
LNG traffic at the Strait of Hormuz nevertheless remains at a standstill, even though oil flows are estimated to have rebounded in recent...
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