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Nick Timiraos, the Feds mouthpiece: Currently, FOMC members are still frequently speaking, with the aim of ensuring that the market fully understands the Feds overall policy response mechanism.The Brazilian real depreciated 1.07% against the US dollar in spot trading, trading at 5.445 reais to the dollar.The SEC’s enforcement director said the agency is reviewing the disclosures of artificial intelligence companies.On October 31st, Dallas Federal Reserve President Logan stated on Friday that given the current economic outlook, the Fed needs at least two more 25-basis-point rate hikes, bringing the policy rate up by a cumulative 50 basis points, before pausing rate hikes and assessing the economic and financial situation to determine its next steps. Logan participated in the Feds 10-2 vote this week to maintain the target range for the federal funds rate at 3.75%–4.00%. Logan believes that inflation still needs further suppression, and the policy rate should be raised by at least another 50 basis points to sufficiently constrain the economy and push inflation back to the 2% target. She pointed out that the outlook for technology investment and geopolitical tensions are causing volatility in financial markets. In this environment, gradual policy adjustments help households, businesses, and market participants adapt to higher interest rates and reduce the risk of an unnecessary sharp deterioration in economic activity. Logan also emphasized that the Fed should clearly communicate its policy objectives, which differs from Fed Chairman Warshs view that such policy guidance should only be provided during crisis periods. She believes that current financial conditions still support economic growth, and the rise in long-term borrowing costs mainly reflects investors expectations of economic growth and higher interest rates, rather than factors that are independently dragging down the economy. Even if the Federal Reserve skips a meeting and does not raise interest rates, it will not change its ultimate policy objective; as long as the market understands the Feds policy plan, the specific timing of interest rate hikes will have a limited impact on the long-term interest rates borne by borrowers.Federal Reserves Logan: Not adjusting interest rates at a particular policy meeting does not mean that the Fed has changed its ultimate interest rate target.

The “fuel shortage” in the UK prevents doctors from visiting, or worsens the epidemic

Oct 26, 2021 11:06

The recent continuous rise in global oil and gas prices has triggered energy crises in many places, and the UK, which was previously a “green energy” student, has become the biggest victim. As the bottleneck of energy supply expands from natural gas to fuel, many medical staff in the country can only live in hotels on standby when they cannot refuel their cars. This has made the country’s epidemic prevention and control situation worse.

In fact, since last week, British car owners have started lining up to buy gasoline fuel. On the one hand, the high natural gas price has caused the price of fuel to rise. In order to protest the excessive fuel price, the truckers’ guild went on strike. As a result, the transportation capacity of oil products has further declined, and the "oil shortage" has intensified. In the process, the medical staff who needed to drive to the clinic suffered the most.

Although, according to the guarantee supply agreement, the fuel of the British emergency ambulance can still be guaranteed, but the transfer service of non-emergency patients has been suspended, and it is more difficult for family doctors to visit the clinic. Some doctors can only stay in hotels near the service area and are on standby for 24 hours. As a result, officials from the British National Health Service (NHS) have begun to call on local governments to take measures to prevent people from rushing to buy gasoline in order to give priority to ensuring the effective operation of key medical services. In particular, when the severe winter weather is approaching, ensuring that there is enough vehicle fuel to transport patients has become a top priority.

The British government therefore stated that it might issue short-term visas to foreign drivers to alleviate the “driver shortage” in the transportation sector, thereby ending the vicious cycle of the fuel supply market. The rumors of insufficient supply are not true. The government has the ability to guarantee the demand for fuel in the whole society. Even when necessary, it will be possible to mobilize military forces to urgently participate in tank truck driving services to ensure that gas stations in various places can maintain normal supplies.

NHS officials also pointed out to the media that if medical staff cannot go to work and go to the clinic normally, the health and life safety of patients will not be completely guaranteed. This will bring great hidden dangers and risks in the environment where the new crown epidemic is still continuing. Destructive, so it makes people have to worry about it. In fact, under the epidemic, the normal order of treatment for many patients has been disrupted. Once more medical staff are unable to arrive in Hong Kong in time, the mood may deteriorate further.

Although, before the British Johnson has announced that it will consider temporarily increasing the tax rate, so as to provide additional funds for the medical department to increase the manpower in the current emergency situation, in order to alleviate the pressure brought by the epidemic. However, under the additional pressure of the energy shortage, the current troubles are more than expected. With the advent of the winter season, even greater troubles may have just begun.