— A Reuters poll of economists indicates that The Bank of England (BoE) will raise interest rates by 0.25% at its monetary policy meeting on Thursday (June 16) and will raise those at its next meeting, even as inflation rises near the level. 2 digits
— Analysts from many different bureaus have predicted that The Federal Reserve will raise interest rates by 0.75% at its June 14-15 monetary policy meeting, the worst rate hike since 1994, to stave off a spike in inflation.
“A rally in the core CPI will see the Fed raise interest rates by 0.75% this week and prolong the 0.50% rate hike into the fall,” Capital Economics analysts said. in the report
Barclays and Jefferies analysts also expected the Fed to raise interest rates by 0.75% at this week’s meeting.
— Tesla has fired its country manager for Singapore less than a week after Tesla CEO Elon Musk warned about global job cuts.
In a LinkedIn post, Tesla’s country manager, Christopher Buicks, said: He was fired by Tesla. He did not give any specific reasons, but said it was about Tesla’s plan to cut staff.
— US National Security Adviser Jake Sullivan met with Chinese top diplomat Yang Jiachi on Monday (June 13) to discuss security issues facing the country. affect the bilateral relationship of the two countries including the Russo-Ukrainian War and North Korea’s intercontinental ballistic missile test
— Zhao Changpeng, Chief Executive Officer of Binance, the world’s largest cryptocurrency trading platform provider. Announcing the temporary suspension of Bitcoin withdrawals on Monday (June 13)
“The company temporarily suspends the withdrawal of bitcoins. due to congestion of transaction volume The company expects to return within 30 minutes,” Zhao said on Twitter.
However, most recently, Zhao tweeted a new message stating that The company may take longer to resolve the issue than expected.
Key economic data released today Australia releases 1Q22 house price index, Japan releases industrial production data in April, Germany releases inflation in May. and Economic Confidence in June from the ZEW Institute, Britain released the unemployment rate in April, the EU released the April industrial production and the June economic sentiment from the Institute. ZEW and the United States released their Small Business Confidence Index for May from the Federal Independent Business Federation (NFIB) and the Producer Price Index (PPI).
