Key Points Inflation Slows: U.S. consumer prices rose by 2.9% in the 12 months leading to July, the slowest increase since March 2021. Rate Cut Speculation: As inflation nears the Federal Reserve’s 2% target, speculation grows on whether the Fed will cut interest rates. Housing Costs Remain High: Housing costs account for over 70% of …
Inflation Slows to 2.9% in July: Will the Fed Cut Rates? Read More »
Key Points Fed’s Balancing Act: Jerome Powell’s mission to reduce inflation to 2% faces challenges as unemployment rises. Jamie Dimon’s Doubts: Dimon questions the Fed’s ability to hit the 2% target, citing geopolitical tensions and rising deficits as inflationary pressures. Soft Landing Debate: Dimon sees a 35%-40% chance of avoiding recession, highlighting economic unpredictability. Powell’s …
Powell’s Dilemma: Balancing 2% Inflation with Rising Jobless Rate Read More »
Quick Look: Current mortgage rates are over twice as high as during the pandemic, significantly increasing homebuying costs. The scarcity of homes for sale leads to fierce competition and higher prices, frustrating many potential buyers. Expected Federal Reserve rate cuts may lower monthly mortgage payments, making homeownership more affordable. A 1% rate drop on a …
Homeownership Costs Surge as Mortgage Rates Double Read More »
Quick Look: June saw a 6.6% drop in new durable goods orders, totalling $264.5 billion. Orders for transportation equipment fell by 20.5%, significantly impacting overall figures. Durable goods orders, excluding transportation, rose by 0.5%, indicating sector resilience. Excluding defence, durable goods orders dropped by 7.0%, highlighting defence spending’s impact. The United States manufacturing sector faced …
US Durable Goods Orders Drop 6.6% in June to $264.5B Read More »
Quick Look: New U.S. unemployment benefits surged to 243,000, with continuing claims reaching 1.867 million, the highest since 2021. Significant increases in jobless claims in Michigan and New York, while California and New Jersey saw decreases. Despite labour market concerns, Treasury yields and the dollar remained stable, and major U.S. indices showed cautious optimism. The …
U.S. Labor Market Cools: Jobless Claims Hit 243,000 Read More »
Quick Look: Small-Caps Surge: The Russell 2000 index rose over 3%, contrasting with declines in major tech stocks. Market Anomaly: This rare event marked only the second time since 1979 that the Russell 2000 significantly outperformed the S&P 500. Inflation and Fed Signals: Lower inflation and hints of the Federal Reserve’s rate cuts influence investment …
Small-Caps Surge 3% as Big Tech Stumbles on Wall Street Read More »
Quick Look: ECB Forum hosted Powell and Lagarde, discussing inflation, AI’s impact, and economic prospects amid serene landscapes. Powell’s optimistic caution centred on inflation progress, economic stability, and the path towards policy tightening adjustments. Lagarde emphasized AI’s regulatory needs, eurozone stability amid geopolitical risks, and collaborative global efforts for financial system integrity. On 2 July …
Central Bank Leaders Discuss Inflation and AI at ECB Forum Read More »
Quick Overview The U.S. labour market’s volatility is a key focus, with rising unemployment and slowing job creation heightening economic uncertainty. Investors are turning to megacap stocks for stability amid fears of economic slowdown and anticipation of Federal Reserve interest rate cuts. The unemployment rate rose to 4% in May, signalling potential labour market weakening, …
US Labour Market Shifts: Unemployment Rises to 4% Read More »
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