fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

27 June 2022,01:48

Weekly Outlook

Powell Raises “Unconditional” Commitment to Battling Inflation

27 June 2022, 01:48

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Fighting rampant inflation has become the Fed’s main objective, and Fed Chair Jerome Powell’s words to the US House Financial Services Committee during his semi-annual testimony might have sparked more than a few fears about a recession. Specifically, it means that the Fed might be ready to cause increased unemployment or even a recession – even if it’s not the Fed’s intention to do so – just to bring down inflation to projected levels. 

G-7 Nations Announce Ban on Russian Gold

US President Joe Biden has confirmed that the G7 nations were going to announce a gold sanction on Russia – the latest in a line of sanctions already made against the state after it launched an invasion of Ukraine. Gold is a major export for Russia, which is the world’s second-largest producer and earns tens of billions from it. Gold is being used by the country to support the Russian ruble, which, despite the sanctions, hit its strongest in 7 years recently. 

$100 Million Lost in Crypto Hack

The latest blow to the floundering crypto industry: a US$100 million hack on Horizon, the blockchain bridge developed by crypto company Harmony. Harmony has released a statement that it was working with the FBI and cybersecurity experts to investigate the hack. This comes in the wake of other high-profile crypto hacks including the $600 million stolen from the Ronin Network, and $320 million from Wormhole.

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create Live Account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!