Fed’s Powell warns of more pain ahead: Key takeaways

[ad_1] “We have more work to do,” he said. “We’re going to be cautious about declaring victory and sending signals that we think the game is won.” Still, Wednesday’s move, the smallest rate increase since last March, brings policymakers another step closer to an expected pause in their inflation fightContinue Reading

Russia warns new US ambassador of consequences of confrontational policy

[ad_1] Russian Deputy Foreign Minister Sergei Ryabkov- IANS Moscow: Russian Deputy Foreign Minister Sergei Ryabkov met with new US Ambassador to Russia Lynne Tracy, who presented copies of her credentials. During the conversation with Tracy on the sharply worsened Russia-US relations, Ryabkov pointed out the counterproductiveness of Washington’s confrontational policy,Continue Reading