Will the Fed Cut Interest Rates in 2024? Surprising Economy Puts Central Bank Decisions in Question Will the Fed Cut Interest Rates in 2024? Surprising Economy Puts Central Bank Decisions in Question Introduction Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, there has been speculation on when … Read more
U.S. Stocks Plummet as Fed Official Questions Interest Rate Cuts U.S. Stocks Plummet as Fed Official Questions Interest Rate Cuts New York (AP) – U.S. stocks experienced a sharp decline on Thursday following remarks by Federal Reserve official Neel Kashkari, who raised concerns regarding potential interest rate cuts this year in light of worsening inflation. … Read more
US inflation tops forecasts for a second month Rising gasoline costs kept inflation elevated in February, underscoring that the road to more modest consumer price increases following a pandemic-induced spike may continue to be bumpy. The Numbers Rising gasoline costs and rent have kept inflation elevated in February, according to the Labor Department’s consumer price … Read more
Resilient Rebounds in Jobs Report for 2023 Introduction As inflation gathered force in 2021 and 2022, the Federal Reserve notoriously waited too long to raise interest rates, allowing consumer prices to continue to climb sharply, Fed officials now acknowledge. Now that inflation is easing, the Fed may be poised to make another blunder by moving … Read more
Article: Driving Economic Growth: The Productivity Boom in the US Driving Economic Growth: The Productivity Boom in the US Why Companies Turn to Automation to Combat Worker Shortages Washington, D.C. – The global strive for technological advancements has revolutionized manufacturing industries in the United States. The recent surge in worker shortages has prompted companies like … Read more
The Biden Administration lifts restrictions on Wells Fargo, signaling a turn-around in toxic culture Banking giant Wells Fargo receives nod of approval from regulators, stocks surge After years of scandals and a tarnished reputation, Wells Fargo, one of the nation’s largest banks, received a boost from the Biden Administration. The Office of the Comptroller of … Read more
It is said that economic forecasts mainly serve to make astrologers seem a little more credible. A look at the success of last year’s predictions adds weight to this not very flattering bon mot. Instead of the most expected recession in history, the US economy expanded at a rate of 5.2 percent in the third … Read more
U.S. Stocks Rise as Big Tech Releases Earnings and Wall Street Awaits Federal Reserve Decision Monday on Wall Street NEW YORK (AP) — U.S. stocks rose Monday to kick off a week where Wall Street’s most influential stocks may show whether the huge expectations built up for them are justified. The S&P 500 gained 36.96 … Read more
How much will Wall Street stocks make next year? This is, of course, in the stars, but with the end of the year, well-known American investment banks once again set out to interpret the future and make positive as well as negative advertising for American stocks. The big banks currently disagree on whether Wall Street … Read more
In the last few months, a Czech investor could use one completely trivial tactic to get money: Simply exchanging crowns for US dollars at the nearest exchange office was able to earn him almost ten percent since mid-July. That’s how much the dollar overtook the Czech currency in just three months. And so far there … Read more