At last there’s some good news on US inflation that raises hopes of interest rate cuts. But the excitement might be premature.
The US central bank is sticking to the “higher for longer” interest rate scenario factored into financial markets,while downplaying the prospect of widely feared rate hikes.
Australian stocks dived for their seventh session in the past days,with investors fearing the ramifications of escalating tensions in the Middle East,also weighing on the market was a US labour report,released overnight,that reaffirmed bets interest rates would remain higher for longer.
Joe Biden’s hopes of staying in the White House have been dealt a further blow with the release of economic numbers that also sent shivers through Wall Street.
Jamie Dimon is one of the most powerful people in the world. His annual letter to shareholders contains an alarming scenario. Australia would not be immune.
Often,the biggest growth comes immediately after downturns. If you try to time the market hitting the bottom,you’re likely to miss it.
As the November elections loom larger,each set of economic numbers is becoming more important.
The US inflation rate appears more stubborn than expected,which is not good news for other central banks,or those stretched Australian households hoping the RBA will start cutting interest rates soon.
Markets have been sending a signal for more than a year that a US recession could be on its way. The next few months are crucial.
The Congressional Budget Office expects the world’s largest economy’s deficits and debt to soar to record levels over the next 10 years.
A spate of recent bank losses and CEO resignations has a common underlying cause that is setting off alarm bells around the globe.