Inflation Is Hard To Tame
In a prepared speech for a monetary policy conference at the Hoover Institution, Bullard stated, given the current macroeconomic conditions, it can be argued that monetary policy now lies at the lower end of what is considered sufficiently restrictive.
Go Deeper (3 min read)US Small Business Confidence Hits a 10-Year Low
In April, the National Federation of Independent Business (NFIB) reported that small business confidence in the US declined to the lowest level in more than a decade.
Go Deeper (2 min read)Aramco's Profits Fall
On Tuesday, Aramco, the state-owned oil company of Saudi Arabia, reported a 19% decrease in first-quarter earnings, with a net income of $31.9 billion compared to $39.5 billion the previous year, due to the decline in oil prices.
Go Deeper (3 min read)Europe Rethinks Ties with China
The Dutch intelligence agency's warning was issued shortly after Emmanuel Macron's visit to the country, during which he suggested that the EU should remain neutral in any potential conflict between the US and China
Go Deeper (2 min read)A Long Banking Storm
On Wednesday, data provider ORTEX revealed that hedge fund bets against Canada's TD Bank Group had increased by 45% in the past two weeks to reach $6.1 billion.
Go Deeper (3 min read)More from Markets
Investors Dump Banking Stocks
On Thursday, the four largest US banks by assets, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, saw $52.4bn wiped off their market value.
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London Is Loosing Out
This growing exodus highlights the UK's struggle to attract and keep companies, despite the government's efforts to revive the City and entice businesses from competing exchanges.
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The Mystery of the U.S. Economy
Dana Peterson, the chief economist at the Conference Board, believes that the sharp decline of the U.S. business group's Leading Economic Index indicates that a recession will soon take hold in the United States.
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Buffet Is Still Bullish
Billionaire investor Warren Buffett has expressed unwavering confidence in the U.S. economy and his company, Berkshire Hathaway, in his annual letter to shareholders released on Saturday.
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Federal Reserve Signals Slowdown in Interest Rate Hikes
Policymakers also emphasized that controlling high inflation levels would be the critical factor in determining the extent to which rates needed to rise.
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U.S. Retail Sales Smash Estimates
Retail sales increased more than expected in January, despite rising inflation. According to the Commerce Department, sales for the month rose by 3%, exceeding the expected rise of 1.9%.
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