UBS Global Wealth Management has recently raised the probability of a U.S. recession to 25%, up from its previous estimate of 20%. This adjustment reflects […]
Tag: Interest rates
Treasury Market Experiences Historic Losses
The Treasury market is facing its largest losses in history, with the Bloomberg Treasury total return index down 11.0% from its 2020 peak. This is […]
Stock Index Futures Rise Ahead of Fed Chair Powell’s Jackson Hole Speech
Stock index futures are up ahead of Federal Reserve Chair Powell’s speech at the Kansas City Federal Reserve’s Jackson Hole Economic Symposium, scheduled for 9:00 […]
Money-Market Funds Reach Record $6.24 Trillion as August Inflows Hit $106 Billion
Money-market funds have attracted $106 billion so far in August. This has pushed their total assets to a record $6.24 trillion as of August 21, […]
Fed Minutes Reveal Confidence in Inflation Progress and Risks to Employment; Treasury Yields Fall
FED MINUTES: Participants expressed increased confidence that inflation is moving towards the 2% target based on recent data. Some members believed that the recent progress […]
US Inflation Drops to 2.9%, Lower Than Expected
July US Inflation Data: – Consumer Price Index (CPI): – Year-on-Year (YoY): 2.9% (Expected: 3%) – Month-on-Month (MoM): 0.2% (Expected: 0.2%) – Core CPI (excluding […]
China’s Bank Lending Plummets in July Amid Weak Demand and Seasonal Factors
China’s bank lending dropped much more than expected in July due to weak credit demand and seasonal factors, despite the central bank promising to support […]
Goldman Sachs Raises U.S. Recession Probability to 25% Amid Recent Unemployment Data; Forecasts Federal Reserve Rate Cuts
Goldman Sachs has raised its estimate of the likelihood of a U.S. recession within the next year to 25%, up from the previous 15%. This […]
Bank of England Cuts Interest Rates from 16-Year High Amid Inflation Concerns
The Bank of England reduced interest rates from a 16-year high on Thursday, following a close vote among policymakers who were split on whether inflation […]
Federal Reserve Holds Interest Rates Steady at 5.25% – 5.50%
The Federal Reserve has decided to keep interest rates steady at 5.25% – 5.50%. Fed Chair Jerome Powell recognized the recent reduction in inflationary pressures, […]
June U.S. PCE Inflation Data: Core Inflation Matches Estimates, Market Anticipates Fed Rate Hold and Cuts
In June, the Personal Consumption Expenditures (PCE) inflation rate was reported at 2.6%, surpassing the expected 2.5%. At the same time, Core PCE inflation, which […]
Pound Soars to One-Year High as UK Inflation Exceeds Expectations and US Rate Cuts Loom
On Wednesday, the British pound surged to its highest level in over a year, exceeding $1.30. This increase came after the release of data indicating […]