Federal Reserve holds steady as inflation fears mount
Financial Times
— · 11min
The US has relaxed sanctions on Venezuela’s state-owned oil group Petróleos de Venezuela and the Federal Reserve has stuck with plans to cut rates later this year.
Plus, Walmart won patents to give algorithms more sway over prices and fears of an immediate escalation in the conflict between Afghanistan and Pakistan have eased.
Mentioned in this podcast:
https://www.ft.com/content/dc961982-e7f6-413c-8c44-65ccfc483486?accessToken=zwAAAZ2dXSYSkdPclhmC5_ZBPNOMRGXM_Eg0hgE.MEYCIQDK4o9KYg2uQJ1JdRcP82vXVheGcbayPs1f1CtT8S5IeQIhANRcPjJ9_4SZO6Lrug7AsX3mdNRy71BL7RzGeFe6FIBQ&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Federal Reserve chief Jay Powell says Iran oil crisis will worsen US inflation
https://www.ft.com/content/3c19968f-c28e-405e-ab79-06669ef9fdfd?accessToken=zwAAAZ2c1IYAkc88GZaPwo5AXtOreQZmnvn9_QE.MEUCIFyhj69v_9SH6S-3yyzr_hxHOAOa1NHZjEE6e5F6NQGGAiEAyDUMljiXXkS7iHcv9BKi6hsUc9yGBh-PsZG8uk5z8v4&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Pakistan and Afghanistan pause hostilities after Kabul hospital attack
https://www.ft.com/content/8c2338dc-9e2e-4561-955a-c2a6a6c4d28e?accessToken=zwAAAZ2c1W1jkdOMIzjcni5FYdOVWsKmpsTSjgE.MEYCIQCR-db4O5PJPSCHHWp7vv1i4Q43_NbZ3WdQVZsZ87JJ4wIhAPoFn9eYxhMS_kpGT41ZMIWcNxD2xtymtDfLI1Csqudj&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Walmart wins patents to give algorithms more sway over prices
https://www.ft.com/content/18a2f7dd-c0f6-4ced-8355-cada07d7dd41?accessToken=zwAAAZ2csa3Skc8YovfdwPZM7dODVcraB9fdQQE.MEYCIQDEh1wriaUHsxAxd5jmS34smUuE4oZRJkO41imA9YfiogIhAIGALdytFKWGwPf-r1HzquRUDTA1y-es_ZSa2XC5gR3_&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">US relaxes sanctions on Venezuela’s PDVSA amid global energy squeeze
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Credit: Federal Reserve
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