Trust deficit: World economy is becoming wary of the US - DT Next
Source: DT Next
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DW NOTE
The Fed just raised rates into a supply shock it cannot solve. Iran controls 21% of global oil flows through Hormuz, and no amount of basis points will reopen that strait. Washington is learning what every previous hegemon learned: creditors have power until they don't, and wars are expensive.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu