America's Wallet
Despite inflation, Americans have more money in the bank than in 2019 and only slightly more credit card debt relative to income. However, they don't necessarily feel better off than they did before the pandemic, inflation, and rising interest rates.
Go Deeper (2 min read)China's Struggles
China's economy is grappling with a severe downturn, marked by a real estate crisis that has made consumers cautious and businesses hesitant.
Go Deeper (3 min read)Fed's Pivot
Federal Reserve Chair Jerome Powell indicated that the central bank is preparing to cut interest rates soon, aiming to prevent further weakening in the U.S. labor market.
Go Deeper (3 min read)Trade War 2.0
China’s strategy to revive its struggling economy by supercharging its manufacturing sector is putting pressure on industries worldwide, stoking fears of a looming global trade war.
Go Deeper (4 min read)Slowing Hiring
The period of intense hiring and record-low unemployment, which allowed millions of workers to find new opportunities, increase their wages, and reshape their careers, is giving way to a more typical market.
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June 2024 - Commentary
Federal Reserve Chair Jerome Powell expressed cautious optimism about the state of inflation and the potential for interest rate adjustments in the near future during a panel discussion with other central bankers at a conference in Portugal.
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The Fed Is In No Hurry
Federal Reserve Chair Jerome Powell has adopted a cautious stance regarding inflation forecasts and potential interest rate cuts, best summarized by the phrase “Trust, but verify.”
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ECB Cut Rates
The European Central Bank (ECB) has decreased interest rates by a quarter point, initiating a reversal of its historic rate increases.
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Exporting Deflation Might Not Work
China's factories unexpectedly contracted in May, ending a two-month period of growth and casting doubt on the country's export-driven strategy to rejuvenate its struggling economy.
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China's Routes
Chinese automakers are shifting their focus to global markets outside the U.S. following the Biden administration's decision to impose 100% tariffs on Chinese electric vehicles (EVs).
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It Is Cooling Down
Despite this slowdown, overall economic activity remains robust, and the moderation could be good news for investors, as it may pave the way for potential interest rate cuts by the Federal Reserve.
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