Preview of the week starting 13Jun2022 - Fed announces interest rate hike this week ...
Holidays No public holidays in USA, China and Hong Kong for week starting 13 June 2022. News Summary (week ending 12Jun22) US credit card revolving debts over $1.103T. Over-leverage is known to send both rich and poor into financial ruin. Let us spend within our means and invest with what we can afford to lose. Another has warned about the economic turmoil from energy market volatility. JPMorgan's CEO has also warned of economic hurricane in lieu of the surging oil prices. Treasury Secretary Janet Yellen appeared before lawmakers to review her annual budget. On Wednesday, Ms. Yellen said the White House is looking into reconfiguring tariffs on Chinese imports as a way to ease inflation. Strike from South Korean truckers can affect the economy and lead to supply chain bottlenecks. Be it energy, groceries, electronics or cars ... This can be painful if it is dragged out. Hyundai is likely to be affected. Given the current climat...