European businesses suffer inflation surge

News of the day, Friday, May 20

Kashkari: the Fed is cutting down the balance sheet much faster than it used to be increased during the pandemic.

Forbes: the collapse of UST and LUNA will lead to improved decentralized products emerging.

According to the German Chamber of Commerce and Industry survey, a third of all companies in Germany are expecting major financial worsening during the next 12 months.

The U.S. authorities are discussing canceling the import duties on Chinese goods that Trump has introduced.

Canada will ban 5G hardware from Huawei and ZTE. Instead, Ericsson’s products will be used.

The price of Brent crude is $111.90, WTI — $109.60, GBP/USD — 1.2483, EUR/USD — 1.0575, and gold costs $1845.20 per ounce.