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June 21, according to the United Nations High Commissioner for Refugees, more than 4 million Afghans who fled the war live in Iran. But the war between Israel and Iran has raised security concerns, forcing some Afghans to return to the country they left decades ago. "The war has changed everything. As the violence got closer, we feared for our lives and had no choice but to leave early," said Nasima Ghaffari, who returned to Afghanistan. "Now we are back in our country, and we have nothing when we return - no money, no home, only uncertainty." Its not just Afghans who are fleeing, hundreds of Pakistanis also cross the border into Pakistan every day.June 21 news: On June 20, Iran and Israel took their own actions in the diplomatic field, and the leaders of Russia and the United States made opposite statements on the Iranian nuclear issue on the same day. Putin said that Russia is ready to support Irans development of peaceful nuclear energy, and there is no evidence that Iran is suspected of intending to obtain nuclear weapons; Trump said that Iran is only "weeks or months" away from making nuclear weapons, and the US intelligence agencys claim that there is no evidence that Iran is making nuclear weapons is wrong.On June 21, the U.S. Senate is considering a major change to federal fuel economy regulations, which could hit a policy that has significantly reduced gasoline consumption and promoted the development of fuel-efficient cars such as Toyotas Prius hybrid. As part of Trumps broad tax and spending bill, Republican senators proposed changing the Corporate Average Fuel Economy (CAFE) rules. If passed, the proposal would eliminate fines for violating CAFE and nearly abolish regulations that have pushed automakers to produce cleaner, more fuel-efficient cars for generations. According to Energy Policy magazine, this technology has saved 2 trillion gallons of gasoline in the past 50 years.Iran reported that Israel attacked an Iranian Revolutionary Guard base in Isfahan in western Iran.In Irans southwestern province of Khuzestan, explosions were heard in Ahvaz and Mahshahr.

Hang Seng Index, ASX200, Nikkei 225: The Markets Respond to the Fed

Cory Russell

Feb 02, 2023 16:15


Market Snapshot

The morning session was upbeat as the Asian equities markets reacted to the Fed's overnight interest rate rise and Powell's news conference. The Fed increased interest rates by 25 basis points to 4.75%, as anticipated. The action put Fed Chair Powell in charge of market risk sentiment, bolstering the Hang Seng Index's positive opening.


Support came from a favorable view of the economy, the state of the job market, and the prognosis for monetary policy. While conceding that the disinflationary process has begun, Fed Chair Powell said the Fed might deliver a couple more rate rises to return inflation to its objective.


The Fed Chair said that there wouldn't need to be "a major downturn, or a very large rise in unemployment" for the Fed Funds Rate to remain below 5% and achieve the inflation objective.


Despite Fed Chair Powell's upbeat prognosis, the US ADP nonfarm job change and ISM Manufacturing PMI statistics underperformed, casting doubt on the economy's prospects.

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