Inflation reached its peak in three years last month, as indicated by recent data published this week. However, new Federal Reserve Chair Kevin Warsh advocates for the central bank to prioritise alternative metrics. “The measures I prefer are looking at Read More …
The major U.S. Index futures are currently indicating a higher opening on Thursday, suggesting that stocks are poised to rebound after experiencing a significant decline during the previous session. Bargain hunting could bolster early strength on Wall Street after the Read More …
Annual inflation increased to a three-year peak of 4.2% in May, highlighting the impact of high energy prices on the US economy, as reported by the Bureau of Labour Statistics. Prices increased by 0.5% on a monthly basis, influenced by Read More …
The major U.S. index futures indicate a potential decline on Wall Street this Wednesday, suggesting that stocks may experience additional downward pressure following yesterday’s turbulent trading session, which concluded predominantly in the negative territory. Concerns regarding a potential re-escalation of Read More …
Stocks experienced significant fluctuations in trading on Tuesday as investors divested from AI-related equities, shifted their focus to alternative sectors, and realised gains following a robust rally in the preceding months. The tech-heavy Nasdaq Composite commenced trading on a positive Read More …
The major U.S. index futures are indicating a higher opening on Tuesday, suggesting that stocks may experience additional gains following a previous session that concluded significantly below their peak levels of the day, yet still predominantly in positive territory. Early Read More …
Recent survey data revealed that Americans are experiencing a significant level of pessimism regarding their household finances, with expectations indicating a further decline in the future. The proportion of Americans reporting that their financial situation in May was “somewhat worse Read More …
Following a string of crises in recent years, Kristalina Georgieva, managing director of the International Monetary Fund, stressed the need of laying strong foundations that can weather more frequent shocks. “I am concerned that we have not fully grasped that Read More …
The major U.S. index futures are indicating a higher open on Monday, suggesting that stocks may recover some of the losses experienced during last Friday’s session. Bargain hunting could lead to a rebound on Wall Street after last Friday’s decline, Read More …
The US labour market seems to have stabilised: The economy added 172,000 jobs in May, exceeding expectations, according to new data from the Bureau of Labour Statistics released on Friday. The latest jobs report offered some reassurance regarding the stabilisation Read More …
