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June 28th news, the United States is expected to make important decisions on trade and fiscal policy in July. While these decisions may cause volatility, we do not expect a lasting impact on strong growth or markets in the United States. The environment of falling interest rates and yields supports stocks and high-quality bonds, while the US dollar will continue to show signs of weakness. After the recent strong gains, the return expectations for global stocks in the rest of the year seem limited.According to TASS: The Russian Defense Ministry said that Russia has taken control of Chervona Zirka in eastern Ukraine.June 28 news: On June 27, local time, Ukrainian President Zelensky issued a decree to adjust the composition of the Supreme Command. According to the decree, Myhaylo Drapaty was appointed as the commander of the joint forces of the Ukrainian Armed Forces and included in the members of the Ukrainian Supreme Command.June 28, UBS said that gold has been the leader among global major assets so far in 2025. With the continued purchase of gold by central banks and the increase in exchange-traded funds (ETFs), data from the European Central Bank showed that gold has surpassed the euro to become the worlds second largest reserve asset after the US dollar. Although gold prices have fallen slightly from their historical highs as optimistic expectations that the most severe phase of the trade war may end have increased, we are still optimistic about the long-term value of gold. We believe that the downward trend in real interest rates, the weakening of the US dollar, the high geopolitical risk premium, and the structural shift in institutional gold purchases will continue to support gold prices. For example, data from the World Gold Council shows that the average annual gold purchases of central banks in the past three years have exceeded 1,000 tons-more than double the average level of the previous decade.Polish Presidential Office: Polish President Duda arrived in Kiev to meet with Ukrainian President Zelensky.

Yellen of the US Treasury Thinks the Fed Can Reduce Inflation Without Sparking a Recession

Skylar Shaw

May 13, 2022 10:14

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Because of the healthy employment market and household balance sheets in the United States, low loan costs, and a strong banking sector, US Treasury Secretary Janet Yellen thinks the Federal Reserve can drive inflation down without precipitating a recession.


"All of those characteristics imply that the Fed has a route to bring down inflation without precipitating a recession," Yellen told the House Financial Services Committee on Thursday. "I know it will be their mission to try to do that."


During a hearing on the activities of the Financial Stability Oversight Council, Yellen said that inflation is the "No. 1 economic challenge" confronting the country and the Biden administration.


"It has a significant negative effect on many disadvantaged families." And we're laser-focused on combating inflation," Yellen added, reiterating the Biden administration's attempts to keep gasoline costs down by releasing significant amounts of crude oil from the Strategic Petroleum Reserve and reopening clogged U.S. ports.


Republican senators tried to persuade her to blame rising inflation on the Biden administration's $1.9 trillion COVID-19 relief spending plan last year, but she refused.


Yellen said that a number of reasons were driving up inflation, including energy price hikes as a result of Russia's war of Ukraine and ongoing pandemic-related supply chain issues, as well as high inflation in other nations.


"It does illustrate that there are elements other than expenditure that are crucial to inflation in the United States," she added.


The labor market in the United States remained tight on Thursday, with producer price inflation slowing from 1.6 percent in March to 0.5 percent in April, according to Labor Department data.

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