Thailand's central bank keeps interest rates unchanged, highlighting the limitations of monetary policy in supporting economic growth, especially when fiscal settings are loose.
The Federal Reserve officials are increasingly skeptical about the trend of declining inflation and may further weaken the expectations of rate cuts if the data does not soon resume the downward trend observed last year.
JPMorgan Chase CEO Jamie Dimon warns of persistent inflationary pressures and expresses skepticism about the economy achieving a soft landing, despite previous miscalculations about the US economy. Both Dimon and Federal Reserve officials have concerns about potential rate cuts and rising inflation, while small business owners also express worry about navigating inflation pressures. Additionally, consumers are facing higher inflation and record levels of credit card debt.
Immigration influx and a bolstered U.S. labor force were key factors in the U.S. economy's strong performance in 2023, helping to avoid a predicted recession and contributing to stock market surges and record-high corporate profits.
Fitch has cut its outlook on China's sovereign credit rating to negative, citing risks to public finances as the country faces uncertainty in its shift to new growth models.
World stocks traded higher and bonds and currencies steadied on Wednesday, despite Fitch downgrading its China outlook and as investors awaited crucial U.S. inflation data.
The Indian government's plan to construct a railway line in Indian-administered Kashmir has caused distress among apple farmers, who fear losing their land and livelihoods, as well as contributing to ecological concerns and demographic changes in the region.
The March 2024 jobs report shows a decline in full-time employment in the United States and an increase in the number of people working multiple jobs, with a significant portion of the "added" jobs being government jobs; this adds to the growing government debt and contributes to the wealth gap between Washington, D.C. suburbs and the rest of the country.
The Salt Lake Chamber has announced a new economic vision called Utah Rising: A Free Enterprise Vision for Utah's Economy, which aims to align businesses in the state behind solutions to critical issues such as housing affordability, transportation, and growth, in order to ensure future economic prosperity. The initiative expands on a previous effort focused on Salt Lake City and seeks to involve businesses across the entire state.
Sweden's central bank, the Riksbanken, has announced a loss of £3.2 billion and is seeking funds from the state to meet the required capitalization level, highlighting the country's struggle with the aftermath of post-Covid interest hikes; meanwhile, Swedish politics is embroiled in a controversial law regarding gender change that is being pushed by the Right, led by Prime Minister Ulf Kristersson, despite opposition from their own base and the Left.
The host of Fox News' "The Five," Jesse Watters, blamed the baby boomer generation for the student debt crisis, arguing that their encouragement for their children to pursue college education led to an oversupply of white-collar workers and a shortage of blue-collar jobs.
The Sensex at 75,000 is reasonable and in line with the growth of the economy, supported by improved growth prospects, lower cost of capital, and higher domestic equity flows, suggesting that future milestones can be achieved.
Salt Lake City, Utah has been ranked as the area with the hottest job market in the US, partly due to its low unemployment rate and workforce participation, according to a recent study by The Wall Street Journal and Moody's Analytics.
China has launched inspections on major economic and financial regulators as well as state-owned banks in an effort to crack down on corruption and ensure compliance with Communist Party regulations. These inspections are part of President Xi Jinping's push to strengthen oversight and discipline in the financial sector to prevent financial risks and align with the party's objectives.
Argentina's Banco Galicia is betting that new libertarian president Javier Milei's pro-market approach and tough fiscal policies will bring down inflation and ease rates, leading to an increase in credit and growth in the banking sector, following its purchase of HSBC's local assets.
Wage growth in the United States has lagged behind inflation for most of President Biden's term, but in the last year and since the pandemic, wage growth has outpaced inflation, according to the Labor Department, with wages rising 4.1% year over year in March and unemployment dropping to 3.8%.
The US Bureau of Labor Statistics will release inflation data, with both CPI and core CPI expected to be 0.3% for the month of March, while Delta and Rent the Runway will release their quarterly earnings.
The "Great Wealth Transfer" from baby boomers to millennials and younger generations may offer an opportunity for economic recovery and the ability to shape the country, but some fear it will only exacerbate inequality and question how much wealth will actually be passed down.
Atlanta Federal Reserve President Raphael Bostic expects one rate cut this year but suggests that rate cuts may have to move further out due to the US economy's resilience, though he emphasizes the need to assess broader distribution of price increases across sectors before initiating a rate cutting cycle.
Atlanta Fed president Raphael Bostic suggests that there may be one, two, or zero rate cuts in 2024 depending on the performance of the US economy and inflation, signaling uncertainty regarding the direction of monetary policy. Investors are increasingly concerned that the central bank may scale back the expected number of interest rate cuts this year due to strong economic data and mixed commentary from Fed officials.
US small businesses' hiring plans fell to the lowest level since the early stages of the COVID pandemic, despite a tight labor market, with just 11% of small businesses surveyed in March planning to create new jobs in the next three months, according to the National Federation of Independent Business (NFIB) jobs report.
State Street Global Advisors predicts that the Federal Reserve will cut interest rates by 50 basis points in June and by a total of 150 basis points by the end of 2024, citing indicators of a weakening economy despite its resilient appearance.
Fox is broadcasting various shows throughout the day on Fox Business Channel, Fox News Channel, and Fox News Radio, including Varney & Company, Cavuto: Coast To Coast, The Faulkner Focus, and interviews with Bret Baier.
More Americans are feeling the need to save more for retirement due to inflation and financial pressures, despite positive economic data indicating a strong economy.
The disconnect between positive economic data and negative consumer sentiment may be due to financial pressures that aren't captured by traditional metrics, such as the impact of higher borrowing costs, leading to a "vibecession" where Americans base their economic views on feelings rather than reality.
Many Americans are borrowing more money than ever to cover their expenses, including healthcare bills, home repairs, and everyday costs, as inflation rises and wages remain stagnant, leading to concerns about the impact on the economy and President Biden's re-election chances.
Demand for canned meat goods is increasing as Americans seek to cut spending, leading to brands like Conagra, Kraft Heinz, and Nissin Foods marketing cheaper options for Supplemental Nutrition Assistance Program (SNAP) participants. The trend is driven by a shift towards cooking from scratch and eating leftovers, causing protein-packed canned meats to excel in the market.
JPMorgan has revised its recession forecast for the first half of 2024 and now predicts a 55% chance of a "soft landing" for the global economy, citing positive developments and a fading drag from monetary tightening.
There are various programs currently airing on Fox Business Channel, Fox News Channel, and Fox News Radio.
Treasury Secretary Janet Yellen claims that household finances in the U.S. are "quite strong," despite polls indicating that most Americans do not agree, as they believe they were economically better off under former President Donald Trump than under President Joe Biden.
### Summary The Environmental Protection Agency (EPA) has issued a new rule requiring over 200 US chemical plants to reduce toxic emissions that are likely to cause cancer, in line with President Joe Biden's commitment to environmental justice. Meanwhile, Royal Bank of Canada (RBC) has terminated its CFO Nadine Ahn following an investigation into her undisclosed close personal relationship with another employee. Additionally, Donald Trump's media company saw a 12% decline in its shares, potentially affecting his plans to sell them to raise funds. British Columbia's credit status also faced setbacks as S&P downgraded its rating and Moody's turned its outlook negative due to the risk of "outsize" deficits.
A recent survey has found that Americans are resorting to borrowing from their savings or other measures to meet basic spending needs due to inflation and rising prices, with a quarter having to withdraw money from savings and 11.5% relying on family and friends for capital, while more than half of Americans worry about inflation and see it as a bigger problem than unemployment, immigration, and crime.
The commercial real estate markets in expensive West Coast cities like Seattle and San Francisco are expected to see a further decline of at least 25% in property values by the end of 2023, according to research firm Capital Economics. The weak job growth in office-based industries, particularly in the information industry, coupled with high vacancy rates and falling rents, are contributing factors to the declining office values. Southern metropolitan areas like Austin, Dallas, and Houston are expected to have stronger office markets due to their affordability and higher utilization rates.
Baby boomers, the richest generation, are driving spending in key areas of the US economy as they retire, contributing to its strength and resilience despite concerns of a potential recession.
American businessman Robert Kiyosaki predicts that the United States will face bankruptcy and an overall market crash due to increasing debt, urging citizens to invest in assets like gold, silver, and Bitcoin to protect themselves.
Switzerland has been ranked as the most attractive place to do business in Europe, the Middle East, and Africa, according to a recent PwC poll, with the majority of top-ranking countries located in northern Europe.
With ₹1 crore in this economy, you can't buy a house in major cities, send your kids abroad for study, or enroll them in international schools, highlighting the decrease in purchasing power due to excessive money printing and debt.
In the long term, inflation is inevitable and the USD is expected to come under pressure, making inflation hedges like gold, oil, and Bitcoin attractive investment options.
Wages for low-paid workers in America grew much faster than those for higher-paid workers between 2019 and 2023, reversing a trend of widening wage inequality over the past four decades, according to a report from the Economic Policy Institute. The increase in hourly pay for low-wage workers was 12.1% compared to 0.9% for the highest earners, signaling a notable reversal of fortune for lower-wage workers in the labor market. The report highlights the importance of policy decisions, such as raising the minimum wage and cutting interest rates, in sustaining this positive trend.
The Chairman of the House Committee on Information, Olusola Fatoba, has called for support for the manufacturing sector to reduce imports and strengthen the country's economy, stating that reopening borders is unnecessary as Nigerians should focus on producing what they consume instead of relying on foreign goods. He also emphasized the need for government regulation of prices to combat rising food prices and advocated for investment in agriculture and the encouragement of local production.
India has increased its coal power generation to compensate for lower hydropower output and to meet rising electricity demand as summer approaches and general elections approach.
Domestic shocks in emerging economies within the G20, such as China and Argentina, are now impacting growth in advanced economies as well, highlighting the interconnectedness of global economies, according to a report by the International Monetary Fund (IMF).
The odds of a first rate cut in June have decreased, as the Federal Reserve's desire to cut rates is being hindered by a strong economy, specifically the American consumer.
The boss of JPMorgan Chase, Jamie Dimon, has warned that US interest rates could rise as high as 8% due to persistent inflationary pressures and high government spending, potentially posing risks to the global economy.
South Koreans are heading to the polls to elect members of the National Assembly, with key election issues centered around the cost of living and food inflation, and voters prioritizing economic help over party affiliation in their decision-making. The focus is on President Yoon Suk Yeol and whether his party can regain a certain number of seats to pass legislation and carry out his policies. Alternative parties are also gaining traction, potentially making it difficult for the ruling party to hold a majority in parliament. Swing voters, mainly in their 20s and 30s, will play a crucial role in determining the outcome.
Gross Output (GO) provides a more comprehensive measure of the economy than GDP, and it is currently indicating trouble despite the government's focus on consumer activity.
Mexico's headline inflation in March increased less than expected, strengthening the belief among economists that the central bank may cut interest rates again in May.
Credible Operations, Inc., a personal finance marketplace, provides tools and information on mortgage rates and how to compare them, determine eligibility, and apply for a mortgage loan.
Brazil's consumer price increases are likely to have remained subdued in March, but some services continued to show worrying increases, leading economists to expect faster disinflation to come from food and other goods.
Mohamed El-Erian predicts that the European Central Bank may reduce interest rates more frequently than the Federal Reserve, leading to a potential decline in the euro's value compared to the dollar.
