MORNING BID: China's Fed insiders, oil reserves tapped, Fed decision imminent: Wednesday's 5 things to know
has authorized. The White House continued to blame "disruptions posed by Russia’s invasion" for the high prices while claiming that the Biden administration's actions are making a tremendous difference.
Republicans slammed the White House after it was made known that millions of barrels from previous sales of the Strategic Petroleum Reserves were being sent to European and Asian countries, including China.
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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; July Fed Meeting PreviewRates markets are fully discounting a 75-bps rate hike by the Federal Reserve this week, with a 13% chance of a 100-bps rate hike.
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China targeted the Fed for more than a decade, Senate report findsLawmakers accused the Chinese government of “malign efforts to target, influence and undermine the U.S. Federal Reserve” in a report released Tuesday.
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U.S. accuses China of increased South China Sea 'provocations'The United States on Tuesday accused China of increased 'provocations' against rival claimants to territory in the South China Sea and other states operating there.
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Mass confusion impedes Fed attempts to prevent recessionOfficials are gearing up for another supersized interest rate hike that's likely to send the economy and markets through convulsion, without a clear line of sight at their target, heightening the risk that they'll do either too much or too little.
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What a Fed 'pivot' would mean for markets, according to JPMorganA pivot by the Federal Reserve could mark a peak for the U.S. dollar, according to strategists at JPMorgan
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Bitcoin Drops Even as Wall Street's 'Fear Gauge' Indicates Calm Ahead of Fed DecisionBitcoin is showing renewed signs of weakness ahead of the Fed meeting, contradicting the calm in traditional markets. reports godbole17
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