All 11 voting members of the U.S. Federal Reserve’s Open Market Committee agreed to defer an interest rate increase in June’s meeting, the session's newly-released minutes show.
Tag: U.S. economy
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ECONOMIC UPDATE — MARKET OVERVIEW
The true fear of an economic calamity on the near horizon was further clarified yesterday as gold once again illustrated its status as the world’s number one safe-haven asset.
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SPOTLIGHT, TOP TREND 2023: OFFICE BUILDING BUST
Over the next 18 months, commercial real estate values will plunge by as much as 40 percent in Boston, Chicago, Los Angeles, New York City, San Francisco, and Washington DC, according to a new forecast from Capital Economics.
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SPOTLIGHT: BIGS GETTING BIGGER
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend... which hit record highs during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
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TOP TREND 2023, OFFICE BUILDING BUST: OREGON’S LARGEST CITY LOSING POPULATION
Portland, Oregon’s flagship city known for being clean and safe and for its hip vibe, watched its population swell by 23 percent during this century’s first two decades.
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INVESTMENT BANKING FEES PLUNGE
With fewer mergers, acquisitions, and initial stock offerings taking place this year, investment banks have seen their revenue from managing such deals fall to $12.8 billion this year through May, down 35 percent compared to the first five months of 2022, the Financial Times said.
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PRIVATE EQUITY FIRMS OPT FOR SMALLER DEALS
Amid a cloudy economic future and rising interest rates, private equity deals are getting smaller.
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AMERICANS THINK THEY NEED $1.3 MILLION TO RETIRE COMFORTABLY, STUDY FINDS
To be comfortable in retirement, Americans think they need about $1.3 million, according to a survey by Northwestern Mutual of 2,740 U.S. adults in February and March this year.
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INFLATION, CONSUMER SPENDING SLOWED IN MAY
Overall inflation in the U.S. pulled back to a 4-percent annual rate in May, its slowest in two years, the U.S. commerce department reported. The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred inflation gauge, slowed to 3.8 percent.
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ECONOMIC UPDATE — MARKET OVERVIEW
“The Trend is Your Friend.” As we had forecast back in November 2022, and as Gerald Celente and The Trends Journal has been repeating since, the S&P 500 would rise at least 16 percent in the following 12 months. It has now hit that mark.