July 11, 2022
United States:
Fed’s George Warns Raising Rates Too Fast Risks ‘Oversteering’
Federal Reserve Bank of Kansas City President Esther George, who dissented last month against the US central bank’s jumbo 75 basis-point increase in interest rates, cautioned that rushing to tighten policy could backfire.
Europe:
Battered Euro Edges Ever Closer to Parity as Dollar Runs Rampant
Europe’s common currency edged closer toward parity with the US dollar Monday as energy concerns and the risk of recession weighed on the outlook for the euro area, while risk aversion fueled a broad rally in the greenback.
Asia:
India Rate Setter Eyes Larger Hikes to Return Inflation to Goal
India’s central bank may need to raise interest rates more aggressively to anchor inflation within its 2%-6% target, according to Shashanka Bhide, a member of the rate-setting panel.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.