joining me now is the chief economist at payden & rygel.ood morning and thank you for joining us, what is your take from what we heard from jay powell? was this a hawkish jay powell that some of your colleagues have suggested, or was this a dovish tilt from the head of the federal reserve as the markets seem to be suggesting? jeffrey: i think i attended a different press conference than the financial markets did. the markets the financial markets received was not the one i did. we are looking at a federal reserve that is solely focused on reining in price pressures. the chair admitted that could include inducing an economic slowdown or a session if necessary, to bring down inflation. he also said there is probably significant additional tightening in the pipeline. that is not what we see priced in the bond market. the bond market may has another rate hike in september, and then not much in terms of tightening after that. if you look at the futures market. i think the markets could be heineman -- in for a bit of a rude awakening. the data th

americans, the head of the treasury admitted america may face a recession, lower prices for fuel for payden is already a matter of political survival. now his rating barely exceeds 30%, this is the worst indicator for a head of state since the second world war, and even the democratic party does not want to see a canoe again. yena in the next elections. however, neither requests nor threats forced the leaders of the arab world to increase the volume of oil supplies, the kingdom of saudi arabia declares that the maximum oil production per day will not exceed 15 million barrels. we don't have enough storage to accommodate inventory above this. level following the results of bilateral negotiations, did not undertake at all to increase production in the saudi delegation to american partners. they made it clear this issue will be addressed. only at the level, guardian. the next meeting of the cartel will be held in early august, while the foreign ministers of the kingdom even stated that they do not see a shortage in the market, the increase in fuel prices has nothing to do with the shortage of