Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market.
Tag: U.S. economy
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IMF BOOSTS 2024 GROWTH FORECAST ON STRENGTH IN U.S., CHINA
The International Monetary Fund (IMF) has raised its global growth forecast for this year from 2.9 percent to 3.1 percent, citing a resilient U.S. economy, the Chinese government’s policy actions to revive its economy, and strength in some large emerging economies, including Brazil, India, and Russia.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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U.S. REVENUE FROM ARMS SALES REACHES RECORD HIGH
The U.S. armaments industry grew its revenue 16 percent in fiscal year 2023 to a record $238 billion, the State Department reported on 29 January.
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U.S. CREATES 353,000 JOBS IN JANUARY. WEAKNESS HIDDEN
The U.S. economy sprouted an additional 353,000 jobs in January, the labor department reported, almost twice as many as expected by analysts The Wall Street Journal had surveyed.
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ECONOMIC UPDATE – MARKET OVERVIEW
What difference does it make as to what the equity markets are doing, why they are going up or down or the geopolitical and socioeconomic trends that are shaping the future?
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SPOTLIGHT: BIGS GET BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels.
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FED’S INSPECTOR GENERAL SAYS KAPLAN, ROSENGREN DID NOTHING ILLEGAL
The U.S. Federal Reserve’s inspector general (IG) has cleared two former Fed bank presidents of any illegal activities in questionable trades they made in 2020. However, the watchdog office scolded them for tarnishing public confidence in the central bank.
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AMERICANS USING CREDIT CARDS MORE, TAKING LONGER TO PAY THEM OFF
Consumers are using their credit cards more, both for basic and discretionary purchases, and taking longer to pay off their balances, The Wall Street Journal reported last week.