Economics
Economists Predict At Least Two More Fed Rate Increases And No Decrease This Year: Reuters Survey
According to the majority of economists surveyed by Reuters, who predict no reduction in interest rates by year's end, the US Federal Reserve will increase interest rates at least twice more in the upcoming months, with the possibility that they will rise even further. Due to the majority...
Bloomberg: Global warming threatens U.S. maple syrup business
According to Bloomberg, the American maple syrup industry is under threat from warm winters. American producers are forced to relocate further north as a result of global warming. The maple syrup business in Canada, however, can only gain from climate change. Canada and the northern United States,...
Visco Says The ECB Must Prevent An Unnecessary Increase In Real Interest Rates
Due to the amount of private and public debt in the eurozone, the European Central Bank (ECB) must avoid raising real interest rates too high, according to a top Italian policymaker. Ignazio Visco, governor of the Bank of Italy and a member of the ECB Governing Council, added that he...
$39 Billion Budget Deficit For January Posted By US Due To Bailing Out Of Pension Fund
The US government published a $39 billion budget deficit in January, down from a $119 billion monthly surplus the previous year, as revenues fell and one-time costs, such as the bailout of a union pension fund, pushed outlays sharply higher, according to the Treasury Department on Friday. ...
Concerns About Rate Hikes Cause Outflows From Global Equity Funds
A stronger-than-expected US jobs report sparked worries that the Federal Reserve would keep policy rates higher for longer than expected, leading to the first weekly outflow in five weeks for global equity funds. In the week leading up to February 8, according to Refinitiv Lipper data,...
Struggle For Chinese Manufacturing To Recover Resulting In Drop In China's Factory Prices In January
Factory gate prices in China for January dropped more than economists anticipated, indicating that upstream industries are not yet strong enough to rekindle the domestic demand that briefly stoked consumer prices after the zero-COVID policy ended. Even though manufacturing activity...
Too Soon To Claim Victory Over Inflation, According To JPMorgan CEO
The largest US bank, JPMorgan Chase & Co., warned against prematurely claiming victory over inflation and warned that the Federal Reserve could raise interest rates above the 5% level if higher prices proved to be "sticky." Dimon issued the warning after Federal Reserve officials...
US trade deficit rises to record $948.1B
In 2022, the US trade deficit increased by 12.2% to $948.1 billion. The Wall Street Journal reported this referring to information from the US Department of Commerce. The US Department of Commerce reports that the December balance sheet deficit was $67.4 billion. In contrast to November, exports...
Retail Investors Are Flocking To Small-Cap AI Firms While Big Tech Competes For Market Share
Retail investors are pouring money into small-cap companies developing artificial intelligence tools, as companies like Google parent Alphabet and Microsoft compete for the next big growth driver. The viral success of ChatGPT has focused Wall Street attention on AI, reminiscent of the...
ECB survey: Consumer inflation expectations in eurozone grow in December
The results of the ECB survey, which were released on Tuesday, revealed that despite declining energy costs and rising interest rates, consumer inflation expectations in the euro area grew in December. Due to lower gas costs, the annual inflation rate in the euro zone decreased after reaching a...
