Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the conference celebrating the Centennial of the Division of Research and Statistics, Board of Governors of the Federal Reserve System in Washington D.C., United States on November 08, 2023. (Photo by Celal Gunes/Anadolu via Getty Images) Celal Gunes | Anadolu | Getty Images Wednesday is … Read more
The Federal Reserve should cut interest rates this week for the first time since the onset of the COVID-19 pandemic, three Democratic senators said Monday in a letter to its chairman, Jerome Powell. “The Fed’s monetary policy is not helping to reduce inflation. Indeed, it is driving up housing and auto insurance costs — two … Read more
The Reserve Bank of India (RBI) left repo rates unchanged at 6.5% for the eighth time in a row. The monetary policy was a 4:2 decision, with two members voting in favour of a rate cut by 25 bps taking a dovish view. While the Street was expecting a status quo in the policy rate, … Read more
“I would say most of the forecast will be retained. A lot of focus will be on the upcoming budget and the policy henceforth rather than expecting really meaningful on Friday’s policy,” says Tanvee Gupta Jain, Chief India Economist, UBS Securities India.Well, a rate cut or a rate action clearly is not on the cards, … Read more
The coalition of parties led by Modi is unlikely to deviate from the path of fiscal consolidation, and cooling inflation will allow the Reserve Bank of India to embark on easing later this year, according to Neeraj Seth, chief investment officer and head of APAC fundamental fixed income at BlackRock. “It’s actually a good time … Read more
The performance of America’s economy over the past two years has been remarkable, especially given the dire predictions of many observers. Remember the economists who forecast a recession in 2023? Remember all those warnings that getting inflation down would require years of high unemployment? Instead, our economic growth has been the envy of other wealthy … Read more
City scene Yeni Camii great mosque by Golden Horn of Bosphorus River, Topkapi Palace, Hagia Sophia Istanbul, Republic of Turkey Tim Graham | Getty Images Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease. Consumer prices rose 75.45% in May on an annual basis … Read more
A customer views a digital menu at the drive-thru outside a McDonald’s restaurant in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images Fast-food restaurants are caving to consumers’ inflation-weary wallets by returning value pricing to their menus — for a limited time. McDonald’s is offering a $5 value menu this month. Wendy’s is rolling out … Read more
Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains. Shares dropped more than 2% on Friday despite the warehouse retailer’s after-the-bell quarterly beats on earnings and revenue. The stock closed Thursday’s regular session at a record high of … Read more
U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more
