Wall Street ended last week with a tumble, after Federal Reserve chair Jerome Powell said it was ‘absolutely essential,’ to tame inflation, and that the Fed could lift interest rates by 50 basis points in May.The CBI’s latest industrial trends report will highlight the pressures on UK factories from rising costs, while the IFO institute will update us on Germany’s business confidence.
What’s happening in China with Covid lockdowns is being dwarfed by news from Ukraine but it’s a ticking time bomb for the global economy. But then again, I’m wasted
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