A Federal Reserve official highlighted that the decision to lower interest rates last month was considered a “close call” due to notable shifts in the economic outlook compared to four months ago when rate cuts began.
Go Deeper (3 min read)Investors were rattled on Wednesday after Federal Reserve Chair Jerome Powell suggested a pause in rate cuts and hinted that the total number of reductions might be less than expected.
Go Deeper (3 min read)The global asset management industry is undergoing a profound shift as US-based financial giants dominate the UK and European markets.
Go Deeper (3 min read)China’s consumer price growth slowed in November, reflecting weak domestic demand despite Beijing’s push to revive spending.
Go Deeper (2 min read)A deluge of cheap Chinese goods sweeping across the developing world is straining relationships between China and the Global South, complicating Beijing's efforts to build alliances amidst escalating trade tensions with the U.S.
Go Deeper (3 min read)Goldman Sachs posted a stellar third-quarter profit, marking a 45% surge, thanks to the favorable conditions created by lower interest rates and a stable economy.
Go Deeper (3 min read)In recent weeks, several under-the-radar sectors have been propelling the stock market higher, setting the stage for a test of their resilience. The S&P 500 has gained 21% this year, with tech giants and their AI ambitions fueling the first-half surge.
Go Deeper (2 min read)Federal Reserve Chair Jerome Powell confirmed on Monday that the central bank plans to continue lowering interest rates in a bid to sustain economic growth and promote hiring.
Go Deeper (2 min read)In an unprecedented move aimed at invigorating China's weakening economy and reviving a sluggish stock market, the People's Bank of China (PBOC) has rolled out a comprehensive set of policy measures.
Go Deeper (3 min read)The Federal Reserve is set to cut interest rates on Wednesday, a move that will gradually ripple through the economy over time.
Go Deeper (3 min read)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.
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