According to AAA, regular gasoline is up 3.8% relative to a week ago, diesel up 4.5%. Figure 1: Regular gasoline (blue, left scale), diesel (red, left scale), jet fuel-kerosene (green, left scale), all $/gal., and spot price Brent oil (black, right scale), $/bbl, all weekly average of daily prices. Source: EIA via FRED.
Fidelity Bank's funding profile remains positive, underpinned by a large and stable deposit base The post GCR upgrades Fidelity Bank rating on stronger capital position appeared first on Premium Times…
OCBC’s Christopher Wong notes that Indonesia’s appointment of Finance Minister Suahasil Nazara signals fiscal continuity and discipline, helping to reduce domestic risk premia for the Rupiah.
The Fed generally fights inflation by raising interest rates to cool borrowing and spending. Historically, such rate hikes have often slowed growth and have even led to recessions.