Saudi Arabia and China Build Energy Partnership Aug. 12, 2022 Arabian American Oil Company (Aramco) and the China Petroleum & Chemical Corporation (Sinopec) signed a multi-pronged memorandum of understanding (MoU) which entails that Saudi Arabia will be a strategic partner of China as a client state. The MoU covers cooperation […]
Key Inflation Indicator for the Fed Spikes to Highest Level in 39 Years July 29, 2022 The Bureau of Economic Analysis released the personal consumption expenditures price index (PCE) report Friday. The report indicated that PCE rose 6.8% year-over-year (YoY) in June – the highest increase recorded since January 1982. […]
Zimbabwe Plans to Introduce New Gold Coins to Curb Inflation June 30, 2022 The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) is working on a monetary plan to stabilize its national currency by introducing gold coins. President Mnangagwa of Zimbabwe hopes this action will shake off the hyperinflation stigma […]
Inflation Soars to Record Highs in the EU May 31, 2022 The EU’s consumer price index (CPI) was released Tuesday, revealing a record-breaking 8.1% rise year-over-year (YoY) for May 2022. This severe inflationary problem in the EU is dominated by food and energy costs. Food prices increased by 7.5% YoY, […]
Important Fed Inflation Gauge Jumped 5.2% for March Apr. 29, 2022 March’s personal consumption expenditure (PCE) prices, which excludes energy and food, grew 5.2% from a year ago. Core PCE, including energy and food, rose 6.6% which is the fastest rate recorded since 1982. Workforce cost accelerated 1.4% for the […]
