Week in Review (September 19-23)

Liz Truss and England follows suit with the U.S. and raises interest rates 2.25%, meanwhile unbanning oil fracking to combat their energy issues. Gold turns out to not be a great hedge against the market as many claim and Ford makes it more difficult for dealerships to sell EVs…

Resources:

https://www.marketwatch.com/story/gold-retreats-to-2-year-lows-as-investors-await-fed-decision-11663589737

https://reason.com/2022/09/20/fords-e-v-charger-mandate-shows-how-broken-dealership-laws-are/

https://www.reuters.com/markets/europe/bank-england-raises-rates-225-despite-likely-recession-2022-09-22/

https://www.dailywire.com/news/strengthening-our-energy-resilience-britain-ends-fracking-ban-will-become-net-exporter-by-2040

https://www.cbsnews.com/news/fedex-6-9-percent-rate-hike-2023/