Category: Economy
-
Bipartisan Lawmakers Call for Severing Economic Ties with China Amidst Rising Concerns
China’s Multidecade Campaign of Economic Aggression The committee’s report accuses China of engaging in a “multidecade campaign of economic aggression” that has severely impacted American firms, dominated key global industries, and left the United States vulnerable in the event of a broader military conflict. As part of their recommendations, the lawmakers propose increased transparency, requiring […]
-
Argentina’s New Government to Unveil Shock Economic Plan to Tackle Inflation
Introduction Argentina’s newly appointed government is set to reveal its economic “shock” therapy plans in an attempt to combat triple-digit inflation and rebuild depleted foreign currency reserves. With both the markets and everyday Argentines awaiting the outcome, Economy Minister Luis Caputo is scheduled to announce the measures after market closure at 5 p.m. (2000 GMT) […]
-
Can Trump Make a Comeback? Four Reasons Why He Could Win in 2024
Unhappy Voters The Biden administration claims that the economy is thriving, with low unemployment rates and controlled inflation. However, many members of the public, particularly people of color and young voters, disagree. They argue that wages are not keeping up with the rising costs of essential goods and services, such as groceries, housing, and child […]
-
European Shares Rise on Benign UK Wage Data Ahead of Key US Inflation Report
Focus on U.S. Consumer Price Index (CPI) Report and Federal Reserve Policy Meeting All eyes are now on the forthcoming US Consumer Price Index (CPI) report, set to be released at 1330 GMT. Simultaneously, the Federal Reserve will commence its two-day policy meeting. The CPI report’s findings will likely influence the central bank’s decision-making process […]
-
Concerns Rise as Repurchase Agreements Highlight Potential Cash Scarcity in Markets
Bank Executives Share Insights on Cash Levels Major U.S. banks have reported an increase in their LCLOR by 20% to 30% compared to pre-March levels during the banking crisis. However, three out of four mid-sized bank executives stated that their cash levels have returned to normal after experiencing significant increases in March and April. One […]
-
UK Wage Growth Slows, but Still Strong, Posing Dilemma for Bank of England
A Cooling Labor Market According to Darren Morgan, the Director of Economic Statistics at the ONS, although earnings continue to exhibit robust growth in cash terms, there are indications of overall easing wage pressure. The British economy currently faces stagnation, with several analysts suggesting the possibility of a slight recession in the coming months, a […]
-
Ukrainian President Pleads with U.S. Lawmakers for Military Support Against Russia
Uphill Battle for Funding Zelenskiy addressed a U.S. military audience in Washington, saying, “If there’s anyone inspired by unresolved issues on Capitol Hill, it’s just (Russian President Vladimir) Putin and his sick clique.” Recently declassified U.S. intelligence reveals Russia’s belief that a military deadlock during winter will erode Western support for Ukraine. Despite heavy losses, […]
-
UK Labour Market Data and Fed’s Inflation Outlook Shape Market Sentiment
Focus on U.S. Inflation and Federal Reserve Meeting Later in the day, all eyes will turn to U.S. inflation as the Federal Reserve commences its two-day policy setting meeting. This meeting bears significance as it will shape expectations regarding rate cuts in the coming year. Market participants eagerly await the outcome, as it could make […]
-
Japan’s Wholesale Inflation Slows as Fuel and Commodity Prices Fall
Bank of Japan’s Outlook Japan’s wholesale inflation experienced a significant slowdown in November, attributed to the decline in fuel and commodity prices, according to data released on Tuesday. This development indicates a reduction in cost-push pressure within the world’s third-largest economy. The Bank of Japan acknowledges that inflation driven by commodities will gradually dissipate and […]
-
Philippine Central Bank to Maintain Interest Rates Amid Cooling Inflation and Improving Currency
Overview The Philippine central bank is set to maintain its key interest rate at 6.50% for the second time, supported by easing inflation and a stronger currency. Inflation reached a 20-month low in November, nearing the Bangko Sentral ng Pilipinas’ (BSP) 2%-4% target. Additionally, the peso posted its best monthly performance in a year following […]