PETROBRAS INIMIGA DO BRASIL/ LIVE DE LULA FRACASSA/ PCO CONTRA MORAES – OS PINGOS NOS IS 16/06/2022

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UK Economy in Record Recession

It was announced that despite positive signs of growth the UK economy shrank by 0.4% during July to September, which leaves the country still officially in recession. The July to September quarter is the sixth straight quarter of contraction, meaning this is the longest recession since 1955.

Fed May Have to Extend Debt Purchasing

Chairman of the Federal Reserve Ben Bernanke is confident he can successfully bring a halt to the buying of mortgage backed securities that have helped steady the US housing market. Congress seems to lack that confidence. The central bank will have to put a stop eventually to its stimulus programs before there’s a wave of inflation as the recovery continues. At the center of its programs is a plan to purchase $1.25 trillion worth of real estate debt.