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Powell sees inflation slowing, not necessarily rising due to oil scare

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Fed Chair Powell: Inflation expectations appear to be fairly stable over the short term

The chairman of the Federal Reserve Jerome Powell, in a wide speech at Harvard University, said on Monday that he sees inflation expectations established despite the rise in energy prices so the central bank does not need to respond with higher interest rates. As his term leading the central bank draws to a close, Powell … Read more

Warning food prices are set to rise in the UK due to the Iran war

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Urea is more than twice as expensive

This year, the most important commodity in agriculture is not sunshine or rain, it is fertilizer. According to some estimates, nearly half of the world’s crop and livestock production depends on the incredible mix of minerals and chemicals that make up artificial fertilizers. But the Iran the war raises prices and suppresses the availability of … Read more