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In seven months, the Fed may end stimulus. And Reaffirms That Inflation Is Temporary – Monetary Policy

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In seven months, the Fed may end stimulus.  And Reaffirms That Inflation Is Temporary - Monetary Policy

Members of the Federal Open Market Committee (FOMC) of the Fed at the US central bank monetary policy meeting, held September 21 and 22, indicated the possibility of a gradual removal of stimulus for the economy. called “tapering”, which involves buying out the debt – starting in mid-November or mid-December. The program is scheduled to be completed by the middle of next year.

The current incentive program involves the purchase of assets equivalent to $ 120 billion per month. These amounts are split each month into $ 80 billion in Treasury bonds and $ 40 billion in mortgage-backed securities.

According to the minutes of the last meeting, FOMC members generally agreed with the idea that they should begin to cut emergency support for the pandemic to the economy, with this “phase-out” starting in mid-November or mid-December, “even if the delta covid -19 continues to create obstacles. “

Fed members stressed that if at the next meeting on monetary policy, which will be held on November 2 and 3, a decision is made to start lifting the stimulus, the process could begin in mid-November or mid-December.

In addition, “participants [na reunião] they felt that, given that the economic recovery is still in the pipeline, it would be prudent to complete the ‘gradual transition’ process by the middle of next year, ” disclose the protocol released this Wednesday.

US central bank officials also discussed a possible quantitative “taper” trajectory, pointing to a $ 10 billion monthly decline in Treasury purchases and $ 5 billion in the case of mortgage-backed securities.

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Inflation: continues to rise but is temporary

As for inflation, which is growing at a fast pace – in September it was at its highest level in 13 years, at 5.4% – some Fed officials noted that disruptions in supply chains and production could put pressure on prices. longer than expected. However, they confirmed its temporary nature.

Last month, Fed officials calculated that inflationary pressures will ease next year and inflation will fall to levels close to the central bank’s 2% target.

As for the federal funds rate, 9 out of 18 FOMC members predicted at the September meeting that key interest rates could rise at least once in 2022 (compared to the family who saw such an opportunity at the June meeting).

In September, the FOMC maintained interest rates between 0% and 0.25%, indicating that they will remain at this level until the labor market reaches full employment and inflation becomes more controllable (maybe “for some time.” , be above 2%.).

At this last Fed meeting, a “dot plot” – a map that shows how each central banker assesses changes in key interest rates – thus showed that half of the members of the Federal Reserve now expect interest rates to rise next year.

In addition, all but one participant expect at least one key rate hike by the end of 2023, with 13 of them expecting two hikes during 2022.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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