It was the second day of Mr, Powell’s Senate hearing about the current economic difficulties. He once again, clearly stated that “ need to cut down the inflation at all cost “ and “ recession is possible “ The recession possibility is bringing the fears to the market of course…

It was the day for the FED chairman Mr. Jerome Powell. He said in his testimony to the Senate “ FED is strongly committed to bringing down the inflation “ and “ the market needs to create price stability “ He showed the market his clear plan to raise the…

After the long weekend, the US stock market recovered big with some technical bounces from the recent sell-off off. Not many reasons to rally at all. Goldman Sachs forecasted today with 30% of chance of US recession starting by the next year, their previous number was 15% two weeks ago…

Investors and world financial markets are showing their fears of the recession. Global stock markets showed the biggest weekly decline in two years. On a weekly basis. The DJ index was downed by 4.8%, S&P was downed by 5.8% and NASDAQ was downed by 4.8% this week.

US stock market collapsed huge today. DJ index was downed by 2.4%, S&P 500 index was downed by 3.3% and NASDAQ was downed by 4.3%

FED is raising the rate by 0.75%. That’s the biggest step in 28 years. But not a big surprise at all, everyone expected this much anyway. CLARITY was the keyword for this FOMC meeting. FED showed the market the clarity on how they are going to control inflation and the…

FOMC meeting started today and It seems the Chinese are going to lock down Beijing again. After CPI numbers opened, everyone talked about the rate hike of more than 0.75% and this perception drive the financial market into fear. US Dollar Index is going up again and recorded the highest…

It was shocking CPI numbers last Friday and investors expected a big bear market this week. It happened today. Europeans and US Stock markets have collapsed, and US Dollar index hit the highest in 20 years.

US CPI numbers were reported and it was shocking, 8.6% on a yearly basis. That’s the highest inflation rate in 41 years. Strong gas and food price were the main factors of this new record inflation rate. On a monthly basis, CPI surged 1% in May. This CPI number supplies…