![]() THE QUOTE Notwithstanding these efforts, your Administration has largely sought to criticize, and at times vilify, our industry. While today’s geopolitical situation is contributing to this energy crisis, bringing prices down and increasing supply will require a change in approach. ETF Securities has a SEMI ETF dedicated to the field but none of the semis or semi-equipment companies in Australia are larger than a small-cap. Note: While ASX companies indirectly exposed to the semiconductor chip crisis are many, the actual number of players that deal with its challenges day-to-day is actually a very small number. Will this call end well? Altium's share price has taken quite the beating. Tonight, it's all things PMIs - the surveys that economists use to measure the state of activity around the world. And yet, the risks of recession are still not "particularly elevated". Meanwhile, in Washington, Federal Reserve chairman Jerome Powell said they could lift the US interest rate by 1% at any future meeting if its efforts to tame rampant inflation were not successful. ![]() While in line with expectations, economists already expect the worst is yet to come. Even excluding soaring food and crude oil prices, inflation still came in a hair under 6%. Rising food prices pushed the United Kingdom’s consumer price inflation to a 40-year high of 9.1%. Oil prices have been weighed by fears the Fed’s efforts to fight inflation will slow the economy and reduce demand for fuel.
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