US economy weakens, but markets are picking up

Dusseldorf The US Federal Reserve raises interest rates again by 75 basis points. That’s what Federal Reserve Chairman Jerome Powell announced at Wednesday night’s meeting. The US interest rate is now in a range of 2.25 to 2.50 percent.

Overall, this is the fourth hike this year to fight the US inflation rate of 9.1 percent – the highest level since 1981.

Powell believes that further interest rate hikes in September are conceivable – but will the interest rate hikes help as a measure against high inflation? Handelsblatt Today host Agatha Kremplewski will discuss the consequences of the Fed’s decision with Astrid Dörner, Handelsblatt’s US correspondent in New York.

Also: Since the Ukraine war, investors are no longer allowed to trade in Russian shares as part of the western sanctions package in Germany. Getting your own capital back from Gazprom, Sberbank, Lukoil and Co. is currently hardly possible.

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Until before the war, investors could securitise the deposit of the right to a Russian share. “Then Russian law forced domestic companies to end their depository receipt programs by May 6,” explains Handelsblatt finance editor Ingo Narat.

But the procedure involves cross-border and capital market law issues. In the podcast, Narat explains which method experts recommend.

Exclusive offer for Handelsblatt Today listeners: Test Handelsblatt Premium for 6 weeks for €1 and stay informed about what’s moving the financial markets. With a bit of luck you can also win a Kindle e-reader. More information is available here.
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