Fed’s Daly: Inflation bridles the economy

Reuters has reported that San Francisco Federal Reserve Bank President Mary Daly on Tuesday said she believes the US economy will slow to below 2% annual growth as the Fed raises interest rates, but there’s enough momentum that it won’t stop growing. “I do expect the unemployment rate to rise slightly, but nothing (like)…. what … Read more

Could Constellation Brands (STZ Stock) fall to the 235 level?

Today’s instrument is the Constellation Brands Inc. stock traded on the NYSE exchange under the ticker STZ. Looking at the STZ’s chart, we can see that it is in an upward trend in the past few days. Constellation Brands is announcing its quarterly earnings this week, and if the market’s anticipation will be positive then … Read more

Russia defaults on Foreign debt, first time since 1918

Bloomberg gas reported that Russia has ”defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors. For months, the country found paths around the penalties imposed after the Kremlin’s invasion of Ukraine. But at the end of the … Read more