Overseas Headlines – April 20, 2022

United States:

Fed’s Bostic Wary of Hiking Rates Too High to Cool Inflation

“Federal Reserve Bank of Atlanta President Raphael Bostic said it was important to get inflation under control but policy makers should not act with such vigor that they harm the economy, especially with a weaker global outlook. “This is one reason why I am reluctant to really declare that I want to go a long way beyond our neutral place because that may be more hikes than are warranted given the economic environment,” he said Tuesday in an interview on CNBC television.”



U.K. Plans to Impose Further Russia Defense Sanctions This Week

“The U.K. plans to slap fresh sanctions on Russia this week as it seeks to ratchet up the pressure on President Vladimir Putin’s administration in the wake of the invasion of Ukraine, a person familiar with the matter said.”



Japanese Households Are Getting Hit By a Weak Yen, Costlier Imports

“A weak yen is exacerbating the pain of rising prices for Japanese households. Japan’s imports jumped 31% in March from a year ago to a record value, led by crude oil, coal and natural gas, the finance ministry reported Wednesday. That will translate into higher power bills in the nation that relies heavily on others for its energy resources. (Click here for the full story.”



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