Despite tough talk from Brussels (and Berlin) about “retaliation” over these new measures, no shots will be fired, no diplomatic relations broken, no dramatic shifts away from Washington and toward Moscow will be taking place.
Antonov now has the dubious honor to be in the eye of the Russia/US diplomatic storm close up in Washington. It may seem at times like operating behind enemy lines.
...it seems that there is an alternate inscription that could be written above the gates of the Iranian sanction regime. Not "Abandon all hope ye who enter here" but "Where there's a will, there's a way."
Fed Chair Jerome Powell told Congress on Wednesday that he supports a quarter-percent increase in the Fed’s benchmark short-term interest rate when the Fed meets in less than two weeks.
Powell did open the door to a bigger hike, like the half-percent increase called for by most of his colleagues, but only if inflation doesn’t noticeably decline this year—as the Fed expects it to.
Most other Fed officials have vocally supported a 25-basis point rise.