Manish Singh, Market Expert, says the reason the Fed is going to cut by 50 bps and why it should cut 50 bps is that if the inflation is on track to be at 2%, (it is at 2.5% now), what justifies the rates being this restrictive, as we have seen the most rapid increase … Read more
Despite a slowing job market, the share of people with more than one job has grown. In the post-pandemic era, the United States has witnessed a disturbing trend: an increasing number of people are forced to take multiple jobs to make ends meet. Of late, what was once referred to as the “gig economy” or … Read more
Turmoil in the markets has renewed fears that the US did not escape history after all, that a hard landing — a recession — is coming. Whether this is all a blip from a rising yen or a justified reaction to an actual weakening of the US economy is still unknowable. But there are reasons … Read more
A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. The S&P 500 dropped 3% for its worst day in nearly two years. The Dow Jones Industrial Average reeled by 1,033 points, or 2.6%, while the Nasdaq composite … Read more
“One of the things that they are pointing to and Mr Dudley mentioned, is the rise in credit card delinquencies. But those people who are delinquent are lower middle class, a little bit of the middle class,” says Mark Matthews, Julius Baer.What is your sense of the kind of fall that we have seen on … Read more
In the ever-changing world of investments, trying to predict the future of an economy can be challenging. Whether you are an experienced investor or just starting your financial journey, understanding whether an economy is on the path to growth or heading towards a recession is crucial. Fortunately, there is a valuable tool that can provide … Read more
New Work: Federal Reserve Chair Jerome Powell repeated that the US central bank isn’t in any rush to cut interest rates. “We don’t need to be in a hurry to cut,” Powell said Friday at an event at the San Francisco Fed. Fresh inflation data released earlier is “pretty much in line with our expectations,” … Read more
Tokyo: Japan’s benchmark Nikkei 225 index surged Thursday past the record it set in 1989 before its financial bubble burst, ushering in an era of faltering growth. The index closed Thursday at 39,098.68, up 2.2%. Its previous record was 38,915.87, set on December 29, 1989. So now it is back to where it was 34 … Read more
Britain’s economy fell into a recession in the second half of 2023, a tough backdrop ahead of this year’s expected election for Prime Minister Rishi Sunak who has promised to boost growth. Gross domestic product (GDP) contracted by 0.3 per cent in the three months to December, having shrunk by 0.1 per cent between July … Read more
Germany’s DIHK chambers of industry and commerce expect Europe’s largest economy to shrink by 0.5% this year as high energy prices, heavy bureaucracy, a skilled workers shortage and weak domestic demand weigh on economic output. A DIHK poll of more than 27,000 companies showed that of those surveyed, 35% expect business to deteriorate in the … Read more
